Shares of Associated British Foods plc (LON:ABF – Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,216.14 ($28.39) and traded as high as GBX 2,337 ($29.94). Associated British Foods shares last traded at GBX 2,310 ($29.60), with a volume of 617,348 shares changing hands.
Separately, JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 1,875 ($24.02) target price on shares of Associated British Foods in a research report on Thursday, December 14th.
Get Our Latest Stock Analysis on Associated British Foods
The business has a 50 day moving average of GBX 2,289.16 and a 200-day moving average of GBX 2,216.14. The stock has a market cap of £17.45 billion, a PE ratio of 1,736.84, a P/E/G ratio of 1.21 and a beta of 1.24. The company has a current ratio of 1.83, a quick ratio of 0.93 and a debt-to-equity ratio of 33.25.
Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Ingredients, Agriculture, Sugar, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.
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