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

Associated British Foods plc (LON:ABF - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,066.96 ($27.72) and traded as high as GBX 2,230 ($29.91). Associated British Foods shares last traded at GBX 2,180 ($29.24), with a volume of 1,110,486 shares.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Royal Bank of Canada reiterated an "outperform" rating and set a GBX 2,300 ($30.85) target price on shares of Associated British Foods in a research report on Tuesday, January 28th. Shore Capital reissued an "under review" rating on shares of Associated British Foods in a research note on Tuesday.

Associated British Foods Stock Performance

The stock has a market capitalization of £14.66 billion, a P/E ratio of 10.36, a P/E/G ratio of 1.51 and a beta of 1.24. The company's 50-day moving average is GBX 1,972.59 and its two-hundred day moving average is GBX 2,059.57. The company has a current ratio of 1.78, a quick ratio of 0.93 and a debt-to-equity ratio of 32.88.

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.