Associated British Foods (LON:ABF) Stock Passes Above 200 Day Moving Average - Here's What Happened

Associated British Foods plc (LON:ABF - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,017.36 ($27.39) and traded as high as GBX 2,080 ($28.25). Associated British Foods shares last traded at GBX 2,065.22 ($28.04), with a volume of 1,560,650 shares trading hands.

Analyst Upgrades and Downgrades

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

Associated British Foods Price Performance

The stock has a market cap of £14.90 billion, a price-to-earnings ratio of 10.53, a price-to-earnings-growth ratio of 1.51 and a beta of 1.24. The company has a 50-day simple moving average of GBX 2,063.07 and a two-hundred day simple moving average of GBX 2,017.36. The company has a debt-to-equity ratio of 32.88, a quick ratio of 0.93 and a current ratio of 1.78.

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) earnings per share for the quarter. Associated British Foods had a return on equity of 13.07% and a net margin of 7.25%. As a group, equities research analysts forecast that Associated British Foods plc will post 188.0990415 EPS for the current 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.