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

Associated British Foods plc (LON:ABF - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 2,032.66 ($27.51) and traded as high as GBX 2,100 ($28.42). Associated British Foods shares last traded at GBX 2,082.47 ($28.18), with a volume of 1,292,186 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Royal Bank of Canada reissued an "outperform" rating and issued a GBX 2,300 ($31.12) price target on shares of Associated British Foods in a report on Tuesday, January 28th. Shore Capital reaffirmed a "house stock" rating on shares of Associated British Foods in a research note on Tuesday, May 6th.

Associated British Foods Stock Down 0.8%

The stock has a 50 day moving average price of GBX 2,038.50 and a 200-day moving average price of GBX 2,027.99. The stock has a market capitalization of £15.02 billion, a P/E ratio of 10.61, 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.

Associated British Foods (LON:ABF - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported GBX 71 ($0.96) 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, research analysts expect that Associated British Foods plc will post 188.0990415 EPS 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.