Associated British Foods ( (GB:ABF) ) has issued an update.
Associated British Foods plc announced the repurchase and cancellation of 170,000 of its ordinary shares as part of its share repurchase program. The shares were bought from Barclays Capital Securities Limited at an average price of GBp 1915.7542, with the highest price paid being GBp 1921.0000 and the lowest GBp 1900.0000. This transaction is part of the company’s strategy to manage its capital structure and return value to shareholders, potentially impacting its stock liquidity and market perception.
More about Associated British Foods
Associated British Foods plc is a diversified international food, ingredients, and retail group. The company operates in various sectors including grocery, sugar, agriculture, ingredients, and retail, with a market focus on providing a wide range of products from food to clothing.
YTD Price Performance: -6.93%
Average Trading Volume: 1,282,721
Technical Sentiment Signal: Buy
Current Market Cap: £13.71B
See more insights into ABF stock on TipRanks’ Stock Analysis page.