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

Shares of Associated British Foods plc (LON:ABF - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,024.79 ($27.25) and traded as high as GBX 2,118 ($28.51). Associated British Foods shares last traded at GBX 2,109 ($28.38), with a volume of 1,178,673 shares.

Wall Street Analysts Forecast Growth

Separately, 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 1.0%

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's fifty day moving average is GBX 2,055.73 and its 200-day moving average is GBX 2,020.63. The company has a market capitalization of £15.02 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 1.51 and a beta of 1.24.

Associated British Foods (LON:ABF - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported GBX 71 ($0.96) 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%. As a group, analysts predict that Associated British Foods plc will post 188.0990415 EPS for the current fiscal 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.