Associated British Foods (LON:ABF) Stock Passes Above 200 Day Moving Average - Time to Sell?

Associated British Foods plc (LON:ABF - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,032.66 ($27.15) and traded as high as GBX 2,100 ($28.05). Associated British Foods shares last traded at GBX 2,082.47 ($27.81), with a volume of 1,292,186 shares traded.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ABF. Shore Capital restated a "house stock" rating on shares of Associated British Foods in a research note on Tuesday, May 6th. Royal Bank of Canada restated an "outperform" rating and set a GBX 2,300 ($30.72) price objective on shares of Associated British Foods in a research note on Tuesday, January 28th.

Associated British Foods Price Performance

The company has a quick ratio of 0.93, a current ratio of 1.78 and a debt-to-equity ratio of 32.88. The company has a market capitalization of £15.06 billion, a P/E ratio of 10.64, a PEG ratio of 1.51 and a beta of 1.24. The business has a 50 day simple moving average of GBX 2,019.52 and a 200-day simple moving average of GBX 2,032.66.

Associated British Foods (LON:ABF - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported GBX 71 ($0.95) earnings per share (EPS) for the quarter. Associated British Foods had a return on equity of 13.07% and a net margin of 7.25%. Analysts predict 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.

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