Hilton Food Group (LON:HFG) Trading Down 10.8% – Here’s What Happened

Hilton Food Group plc (LON:HFG) dropped 10.8% during trading on Thursday . The company traded as low as GBX 447.89 and last traded at GBX 458.72. Approximately 26,305,262 shares changed hands during trading, an increase of 1,460% from the average daily volume of 1,685,976 shares. The stock had previously closed at GBX 514.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Shore Capital reaffirmed a “house stock” rating on shares of Hilton Food Group in a research report on Tuesday, November 25th. Royal Bank Of Canada cut their price target on Hilton Food Group from GBX 750 to GBX 540 and set a “sector perform” rating on the stock in a report on Wednesday, November 12th. Berenberg Bank reduced their price objective on Hilton Food Group from GBX 1,090 to GBX 790 and set a “buy” rating for the company in a research report on Wednesday, November 12th. Finally, Peel Hunt restated a “hold” rating and issued a GBX 670 target price on shares of Hilton Food Group in a research note on Tuesday, November 25th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of GBX 666.67.

Hilton Food Group Trading Down 10.8%

The business’s 50-day moving average price is GBX 500.54 and its 200 day moving average price is GBX 643.17. The company has a market cap of £412.65 million, a P/E ratio of 10.67, a P/E/G ratio of 17.31 and a beta of 0.57. The company has a debt-to-equity ratio of 148.82, a quick ratio of 0.88 and a current ratio of 1.11.

About Hilton Food Group

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.