Associated British Foods (LON:ABF) Stock Price Passes Above 200-Day Moving Average - Should You Sell?

Associated British Foods plc (LON:ABF - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,000.67 ($26.84) and traded as high as GBX 2,126 ($28.52). Associated British Foods shares last traded at GBX 2,112 ($28.33), with a volume of 604,877 shares.

Analysts Set New Price Targets

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

Associated British Foods Price Performance

The stock has a market cap of £15.73 billion, a P/E ratio of 11.11, a PEG ratio of 1.51 and a beta of 1.24. 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 business's fifty day moving average price is GBX 2,075.15 and its 200 day moving average price is GBX 2,002.18.

Associated British Foods (LON:ABF - Get Free Report) last released its 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%. Sell-side analysts forecast that Associated British Foods plc will post 188.0990415 EPS for the current fiscal year.

Insiders Place Their Bets

In other Associated British Foods news, insider Eoin Tonge sold 16,741 shares of the firm's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of GBX 2,070 ($27.77), for a total transaction of £346,538.70 ($464,840.64). Company insiders own 58.08% of the company's stock.

About Associated British Foods

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.