UK stock alert

UK

CLOSING UPDATE: Associated British Foods hits 52-week high fourth time in one month 18 October 2017 19:05 BST

NEWS BITES - EUROPE

This is an end of day Alert, produced after today's United Kingdom market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Associated British Foods, the 2nd largest food producer company by market capitalisation in the United Kingdom, hit a 52-week high of GBX3,376.0 today for the fourth time in the past one month and last traded at GBX3,365.0. Trading volume was 29% of average at the end of the day. Compared with the FTSE 100 Index which rose 26.7 points (or 0.4%) in the day, this represented a relative price increase of 0.6%.

Technical indicators complementing today's significant uptrend:

+ The positive 42.07 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The stock has outperformed 81% of the United Kingdom market over the past 6 months.

+ In the last one month the stock has hit a new 52-week high four times and in the last three months fifteen times, pointing to a significant uptrend.

+ The price increased 1.8% in the last week and climbed 5.5% in the last month.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

+ Year-on-Year Earnings Growth of 53.7% [14.2%]

Other Bullish Signals include:

+ Interest cover is less leveraged at 19.6 times.

+ Total Liabilities/EBITDA of 2.7 is comfortably below the Joseph Piotroski benchmark of <5.

Note

Bearish Signals:

Tobin's Q Ratio is 2.3. Compared with the rest of the market the stock is overvalued and ranks in the bottom quartile of stocks by value of Q Ratio.

As per the Du Pont analysis, Return on Equity of 11.7% is lower than sector average of 22.0%.

Overbought/Bearish:

The 0.3% discount to 12-month high of GBX3,376.0 against the 44.1% premium to 12-month low of GBX2,335.0 suggests the climb might be peaking.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

Return on Equity 11.7% [22.0%]

Return on Assets 7.2% [8.1%]

Return on Capital Employed 13.3% [17.4%]

TODAY'S ALERT

Morning Alert: Associated British Foods hits 52-week high fourth time in one month

18 October 2017 11:22 BST

Associated British Foods PLC (L:ABF) hit a 52-week high of GBX3,362.0 today for the fourth time in the past one month and last traded at GBX3,361.0. Trading volume was 75% of average so far today.

RECENT ALERTS

CLOSING UPDATE: Associated British Foods hits 52-week high third time in one month

17 October 2017 19:03 BST

Associated British Foods, the 2nd largest food producer company by market capitalisation in the United Kingdom, hit a 52-week high of GBX3,359.0 today for the third time in the past one month and last traded at GBX3,333.0. Trading volume was 69% of average at the end of the day. Compared with the FTSE 100 Index which rose 20.8 points (or 0.3%) in the day, this represented a relative price change of -0.6%.

Afternoon Alert: Associated British Foods hits 52-week high third time in one month

17 October 2017 15:42 BST

Associated British Foods PLC (L:ABF) hit a 52-week high of GBX3,359.0 today for the third time in the past one month and last traded at GBX3,344.0. Trading volume was 1.4 times average so far today.

Associated British Foods PLC (L:ABF; LON:ABF; LN:ABF)

ISIN: GB0006731235

PermID: 4295894968

Source: www.BuySellSignals.com