Associated British Foods plc (LON:ABF - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 2,007.32 ($26.97) and traded as high as GBX 2,282 ($30.66). Associated British Foods shares last traded at GBX 2,237 ($30.06), with a volume of 500,348 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Shore Capital reaffirmed a "house stock" rating on shares of Associated British Foods in a research report on Tuesday, May 6th.
Read Our Latest Report on Associated British Foods
Associated British Foods Price Performance
The stock has a market capitalization of £16.09 billion, a P/E ratio of 11.37, a PEG ratio of 1.51 and a beta of 1.24. The company has a current ratio of 1.78, a quick ratio of 0.93 and a debt-to-equity ratio of 32.88. The company has a fifty day simple moving average of GBX 2,089.53 and a two-hundred day simple moving average of GBX 2,009.13.
Associated British Foods (LON:ABF - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported GBX 71 ($0.95) earnings per share for the quarter. Associated British Foods had a return on equity of 13.07% and a net margin of 7.25%. Sell-side analysts expect that Associated British Foods plc will post 188.0990415 EPS for the current fiscal year.
Insider Activity at Associated British Foods
In other news, insider Eoin Tonge sold 16,741 shares of the company's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of GBX 2,070 ($27.82), for a total value of £346,538.70 ($465,652.65). 58.08% of the stock is currently owned by company insiders.
About Associated British Foods
(
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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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