Associated British Foods (LON:ABF) Shares Pass Above 200 Day Moving Average - What's Next?

Shares of Associated British Foods plc (LON:ABF - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,014.41 ($27.33) and traded as high as GBX 2,047 ($27.77). Associated British Foods shares last traded at GBX 2,044.42 ($27.74), with a volume of 829,152 shares changing hands.

Wall Street Analyst Weigh In

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

Associated British Foods Stock Up 0.1%

The stock has a 50 day moving average price of GBX 2,077.16 and a 200 day moving average price of GBX 2,014.41. The company has a debt-to-equity ratio of 32.88, a quick ratio of 0.93 and a current ratio of 1.78. The company has a market capitalization of £14.77 billion, a P/E ratio of 10.43, a PEG ratio of 1.51 and a beta of 1.24.

Associated British Foods (LON:ABF - Get Free Report) last released its 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%. Equities research analysts forecast that Associated British Foods plc will post 188.0990415 earnings per share for the current fiscal year.

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.