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

Associated British Foods plc (LON:ABF - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,042.41 ($27.18) and traded as high as GBX 2,112 ($28.11). Associated British Foods shares last traded at GBX 2,112 ($28.11), with a volume of 1,281,310 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ABF. Royal Bank of Canada reiterated an "outperform" rating and set a GBX 2,300 ($30.61) target price on shares of Associated British Foods in a research note on Tuesday, January 28th. Shore Capital reiterated a "house stock" rating on shares of Associated British Foods in a report on Tuesday, May 6th.

Associated British Foods Stock Up 0.9%

The firm's 50-day moving average price is GBX 2,001.47 and its 200 day moving average price is GBX 2,040.66. The firm has a market capitalization of £15.07 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth 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.

Associated British Foods (LON:ABF - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported GBX 71 ($0.94) earnings per share (EPS) for the quarter. Associated British Foods had a net margin of 7.25% and a return on equity of 13.07%. Sell-side analysts expect that Associated British Foods plc will post 188.0990415 EPS for the current year.

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.