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

Associated British Foods plc (LON:ABF)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 2,068.33 ($27.37) and traded as high as GBX 2,124 ($28.11). Associated British Foods shares last traded at GBX 2,104 ($27.85), with a volume of 674,545 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ABF. Shore Capital reissued a “buy” rating on shares of Associated British Foods in a report on Monday, March 31st. Royal Bank of Canada restated an “outperform” rating and set a GBX 2,300 ($30.44) target price on shares of Associated British Foods in a research report on Tuesday, January 28th.

Associated British Foods Stock Up 1.5 %

The stock has a market cap of £15.17 billion, a price-to-earnings ratio of 10.72, a PEG ratio of 1.51 and a beta of 1.24. The business’s 50 day moving average is GBX 1,916.22 and its 200-day moving average is GBX 2,068.33. 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 Company Profile

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.