Associated British Foods (LON:ABF) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• Associated British Foods shares crossed above their 200-day moving average during trading, reaching GBX 2,262 ($30.38) before last trading at GBX 2,253 ($30.26).
• The company holds a market cap of £16.44 billion with a debt-to-equity ratio of 32.88 and a current ratio of 1.78, signaling a robust financial position.
• Insider Eoin Tonge sold 16,741 shares at an average price of GBX 2,070, totaling around £346,538, indicating active management involvement in stock transactions.

Associated British Foods plc (LON:ABF - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 2,028.87 ($27.25) and traded as high as GBX 2,262 ($30.38). Associated British Foods shares last traded at GBX 2,253 ($30.26), with a volume of 558,247 shares changing hands.

Analyst Ratings Changes

Separately, 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 Up 1.2%

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 has a market cap of £16.44 billion, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of 1.51 and a beta of 1.24. The firm has a 50 day moving average price of GBX 2,116.66 and a 200-day moving average price of GBX 2,028.87.

Insider Buying and Selling

In related news, insider Eoin Tonge sold 16,741 shares of the company's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of GBX 2,070 ($27.80), for a total value of £346,538.70 ($465,465.01). Corporate insiders own 58.08% of the company's stock.

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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