Associated British Foods (LON:ABF) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Associated British Foods plc (LON:ABF - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,000.67 ($26.85) and traded as high as GBX 2,126 ($28.54). Associated British Foods shares last traded at GBX 2,112 ($28.35), with a volume of 604,877 shares changing hands.

Wall Street Analysts Forecast Growth

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

Associated British Foods Stock Performance

The company has a debt-to-equity ratio of 32.88, a current ratio of 1.78 and a quick ratio of 0.93. The firm has a fifty day simple moving average of GBX 2,075.15 and a 200 day simple moving average of GBX 2,002.18. The company has a market cap of £15.73 billion, a price-to-earnings ratio of 11.11, a P/E/G ratio of 1.51 and a beta of 1.24.

Associated British Foods (LON:ABF - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported GBX 71 ($0.95) earnings per share for the quarter. Associated British Foods had a net margin of 7.25% and a return on equity of 13.07%. On average, sell-side analysts expect that Associated British Foods plc will post 188.0990415 earnings per share for the current fiscal year.

Insider Activity at Associated British Foods

In related news, insider Eoin Tonge sold 16,741 shares of Associated British Foods stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of GBX 2,070 ($27.79), for a total value of £346,538.70 ($465,152.62). Company 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.