Hilton Food Group (LON:HFG) Trading Down 22.7% – Here’s What Happened

Hilton Food Group plc (LON:HFG)’s share price traded down 22.7% on Tuesday . The company traded as low as GBX 480 and last traded at GBX 495.50. 3,336,975 shares traded hands during mid-day trading, an increase of 599% from the average session volume of 477,579 shares. The stock had previously closed at GBX 641.

Wall Street Analyst Weigh In

HFG has been the subject of a number of recent analyst reports. Shore Capital reaffirmed a “house stock” rating on shares of Hilton Food Group in a report on Tuesday. Berenberg Bank decreased their target price on Hilton Food Group from GBX 1,100 to GBX 1,090 and set a “buy” rating for the company in a research note on Friday, October 3rd. Finally, Royal Bank Of Canada lowered their price target on Hilton Food Group from GBX 1,050 to GBX 750 and set a “sector perform” rating for the company in a report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 920.

Hilton Food Group Trading Down 22.7%

The company has a 50 day simple moving average of GBX 657.66 and a 200 day simple moving average of GBX 789.82. The company has a current ratio of 1.11, a quick ratio of 0.88 and a debt-to-equity ratio of 148.82. The stock has a market capitalization of £445.48 million, a PE ratio of 11.52, a P/E/G ratio of 17.31 and a beta of 0.57.

Hilton Food Group (LON:HFG) last released its earnings results on Wednesday, September 3rd. The company reported GBX 26.50 earnings per share (EPS) for the quarter. Hilton Food Group had a return on equity of 15.15% and a net margin of 1.22%. Analysts predict that Hilton Food Group plc will post 62.3340321 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Steve Murrells bought 12,049 shares of the stock in a transaction on Tuesday, September 30th. The shares were bought at an average cost of GBX 659 per share, for a total transaction of £79,402.91. 4.34% of the stock is owned by corporate insiders.

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.