Associated British Foods plc (LON:ABF - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,069.13 ($27.95) and traded as high as GBX 2,194 ($29.63). Associated British Foods shares last traded at GBX 2,185 ($29.51), with a volume of 711,804 shares trading hands.
Analyst Ratings Changes
A number of analysts recently issued reports on the company. Shore Capital reissued a "buy" rating on shares of Associated British Foods in a research note on Monday, August 18th. Deutsche Bank Aktiengesellschaft cut shares of Associated British Foods to a "sell" rating and decreased their price target for the stock from GBX 2,220 to GBX 2,130 in a research note on Tuesday, August 26th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of GBX 2,215.
Check Out Our Latest Research Report on ABF
Associated British Foods Stock Down 0.3%
The company has a debt-to-equity ratio of 32.88, a current ratio of 1.78 and a quick ratio of 0.93. The firm's 50 day moving average is GBX 2,190.62 and its two-hundred day moving average is GBX 2,075.51. The firm has a market capitalization of £15.85 billion, a P/E ratio of 1,253.24, a PEG ratio of 1.51 and a beta of 1.24.
Insider Buying and Selling at Associated British Foods
In related news, insider Eoin Tonge sold 16,741 shares of the firm's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of GBX 2,070, for a total value of £346,538.70. Corporate insiders own 1.49% of the company's stock.
Associated British Foods Company Profile
(
Get Free Report)
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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