Associated British Foods plc (LON:ABF - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,998.95 ($26.97) and traded as high as GBX 2,071 ($27.94). Associated British Foods shares last traded at GBX 2,062 ($27.82), with a volume of 3,350,109 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Shore Capital restated a "house stock" rating on shares of Associated British Foods in a report on Tuesday, May 6th.
Get Our Latest Analysis on ABF
Associated British Foods Stock Performance
The firm has a market cap of £14.77 billion, a price-to-earnings ratio of 10.43, a PEG ratio of 1.51 and a beta of 1.24. The firm's fifty day moving average price is GBX 2,066.03 and its 200-day moving average price is GBX 1,999.45. The company has a current ratio of 1.78, a quick ratio of 0.93 and a debt-to-equity ratio of 32.88.
Associated British Foods (LON:ABF - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported GBX 71 ($0.96) earnings per share for the quarter. Associated British Foods had a net margin of 7.25% and a return on equity of 13.07%. Analysts expect that Associated British Foods plc will post 188.0990415 earnings per share for the current year.
Insider Activity at Associated British Foods
In other news, insider Eoin Tonge sold 16,741 shares of the firm's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of GBX 2,070 ($27.92), for a total value of £346,538.70 ($467,474.30). Company insiders own 58.08% of the company's stock.
Associated British Foods Company Profile
(
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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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