Associated British Foods (LON:ABF) Share Price Crosses Above 200 Day Moving Average - What's Next?

Associated British Foods plc (LON:ABF - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,998.95 ($27.17) and traded as high as GBX 2,071 ($28.15). Associated British Foods shares last traded at GBX 2,062 ($28.03), with a volume of 3,350,109 shares traded.

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a "house stock" rating on shares of Associated British Foods in a report on Tuesday, May 6th.

Associated British Foods Price Performance

The stock's 50-day moving average is GBX 2,065.37 and its 200 day moving average is GBX 1,998.95. The stock has a market capitalization of £14.82 billion, a PE ratio of 10.47, a P/E/G ratio of 1.51 and a beta of 1.24. The company has a quick ratio of 0.93, a current ratio of 1.78 and a debt-to-equity ratio of 32.88.

Associated British Foods (LON:ABF - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported GBX 71 ($0.97) EPS for the quarter. Associated British Foods had a net margin of 7.25% and a return on equity of 13.07%. As a group, equities analysts predict that Associated British Foods plc will post 188.0990415 earnings per share for the current year.

Insider Activity

In other Associated British Foods news, insider Eoin Tonge sold 16,741 shares of the stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of GBX 2,070 ($28.14), for a total transaction of £346,538.70 ($471,096.66). Corporate insiders own 58.08% of the company's stock.

Associated British Foods Company Profile

Associated British Foods is a diversified international food, ingredients and retail group with sales of £13.9bn, 128,000 employees and operations in 53 countries across Europe, Africa, the Americas, Asia and Australia. Our purpose is to provide safe, nutritious, affordable food, and clothing that is great value for money.

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