Shore Capital keeps GBp 1,910 for AB Foods stock at GBp 1,942.50 on October 16

Published on 10/17/2026 at 21:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Shore Capital kept GBp 1,910 on October 8, 2026. AB Foods stock stood at GBp 1,942.50 on October 16, 2026, up 0.34 percent versus the prior close.

Target and trading position

Shore Capital kept a GBp 1,910.00 target for AB Foods on October 7, 2026.
Annual results are scheduled for November 3, 2026.
AB Foods stock stood at GBp 1,942.50 on October 16, 2026, up 0.34 percent versus the prior close of GBp 1,936.00.
The stock traded at a P/E ratio of 14.50 and a dividend yield of 3.00 percent on October 16, 2026.

Bauhaus-Poster FOOD RETAIL, Symbolbild Associated British Foods plc GB0006731235 — Associated British Foods plc GB0006731235 zeigt ein Bauhaus-Poster mit den Sektor-Begriffen FOOD und RETAIL, Illustration mit AI erstellt.

Shore Capital reiterated a Hold rating and a GBp 1,910.00 price target for Associated British Foods on October 7, 2026, according to The Globe and Mail. At GBp 1,942.50, the stock stood 1.70 percent above that target. The London Stock Exchange price was last at GBp 1,942.50 on October 16, 2026 at 4:36 p.m. BST, up 0.34 percent versus the prior close.

Annual results arrive November 3

The next scheduled company event is AB Foods' annual results announcement on November 3, 2026. The date appears in the investor calendar of Associated British Foods. That date gives the target a near-term checkpoint, while the Shore Capital view leaves the stock 1.70 percent above the broker's stated level.

Price position and range

AB Foods traded at GBp 1,942.50 on October 16, 2026, with 910,754 shares changing hands against an average volume of 787,391 shares. Its 52-week range was GBp 1,559.00 to GBp 2,359.00, placing the price 17.67 percent below the high and 24.59 percent above the low. The stock's latest quoted level therefore sits nearer the upper end of its yearly range than the lower end.

Valuation ahead of results

The company had a market capitalization of GBP 13.6 billion on October 16, 2026, while its price-to-earnings ratio was 14.50 and its trailing dividend yield was 3.00 percent. These figures frame the November results as the next test for earnings expectations, rather than making the share price alone the story.

Comparison with peers

AB Foods (LSE, GBp): plus 0.34 percent, P/E 14.50, market capitalization GBP 13.6 billion

Tesco (LSE, GBp): plus 0.07 percent, P/E 17.83, market capitalization GBP 33.3 billion

J Sainsbury (LSE, GBp): plus 0.46 percent, P/E 21.31, market capitalization GBP 7.7 billion

What comes next

The October 16 price places AB Foods below its 52-week high while its valuation remains below the two named grocery peers' P/E ratios. The November 3 results date is the next concrete calendar marker for the stock.

Market context: Market report FTSE 100.

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