Hilton Food Group (LON:HFG) Stock Price Down 10.8% – Time to Sell?

Hilton Food Group plc (LON:HFGGet Free Report) dropped 10.8% on Thursday . The stock traded as low as GBX 447.89 and last traded at GBX 458.72. Approximately 26,305,262 shares traded 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.

Key Hilton Food Group News

Here are the key news stories impacting Hilton Food Group this week:

Wall Street Analyst Weigh In

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

Read Our Latest Stock Analysis on Hilton Food Group

Hilton Food Group Stock Performance

The firm’s 50 day simple moving average is GBX 500.10 and its 200 day simple moving average is GBX 640.57. The firm has a market cap of £422.79 million, a PE ratio of 10.93, a PEG 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.

About Hilton Food Group

(Get Free Report)

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.

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