Hilton Food Group (LON:HFG) Trading Down 11.8% – What’s Next?

Hilton Food Group plc (LON:HFG)’s share price was down 11.8% during trading on Thursday . The stock traded as low as GBX 453.50 and last traded at GBX 453.50. Approximately 1,620,615 shares were traded during trading, an increase of 259% from the average daily volume of 451,744 shares. The stock had previously closed at GBX 514.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HFG. Peel Hunt reaffirmed a “hold” rating and issued a GBX 670 price target on shares of Hilton Food Group in a research note on Tuesday, November 25th. Royal Bank Of Canada cut their target price on Hilton Food Group from GBX 750 to GBX 540 and set a “sector perform” rating for the company in a research report on Wednesday, November 12th. Shore Capital reiterated a “house stock” rating on shares of Hilton Food Group in a research report on Tuesday, November 25th. Finally, Berenberg Bank decreased their target price on Hilton Food Group from GBX 1,090 to GBX 790 and set a “buy” rating for the company in a research note on Wednesday, November 12th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of GBX 666.67.

Hilton Food Group Price Performance

The business has a 50-day moving average price of GBX 500.97 and a 200 day moving average price of GBX 644.46. The company has a market cap of £408.85 million, a price-to-earnings ratio of 10.57, a P/E/G ratio of 17.31 and a beta of 0.57. The company has a current ratio of 1.11, a quick ratio of 0.88 and a debt-to-equity ratio of 148.82.

Hilton Food Group Company Profile

Hilton Food Group plc is a leading international food and supply chain services partner. We partner with leading retailers, brands and food service partners across the world.

We offer a unique multi-category proposition of outstanding protein products including meat, seafood, vegan and vegetarian, and easier meals. We also offer a range of supply chain service expertise and solutions through our investment in innovative, leading technology such as Foods Connected, Agito Group and Cellular Agriculture Ltd.

We are a business of over 7,000 employees, operating from 24 technologically advanced food processing, packing and logistics facilities across 19 markets in Europe, Asia Pacific and North America.