Hilton Food Group (LON:HFG) Trading Down 21.7% – Time to Sell?

Shares of Hilton Food Group plc (LON:HFG) dropped 21.7% during trading on Tuesday . The stock traded as low as GBX 480 and last traded at GBX 502. Approximately 5,356,644 shares changed hands during mid-day trading, an increase of 1,000% from the average daily volume of 486,801 shares. The stock had previously closed at GBX 641.

Wall Street Analyst Weigh In

A number of brokerages have commented on HFG. Berenberg Bank dropped their target price on shares of Hilton Food Group from GBX 1,090 to GBX 790 and set a “buy” rating on the stock in a research note on Wednesday. Shore Capital restated a “house stock” rating on shares of Hilton Food Group in a research note on Tuesday. Finally, Royal Bank Of Canada decreased their price objective on Hilton Food Group from GBX 750 to GBX 540 and set a “sector perform” rating for the company in a report on Wednesday. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 665.

Hilton Food Group Stock Down 1.5%

The firm has a market capitalization of £438.74 million, a price-to-earnings ratio of 11.35, a P/E/G ratio of 17.31 and a beta of 0.57. The company has a quick ratio of 0.88, a current ratio of 1.11 and a debt-to-equity ratio of 148.82. The company’s 50 day moving average price is GBX 654.04 and its 200 day moving average price is GBX 787.78.

Hilton Food Group (LON:HFG) last issued 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%. As a group, research analysts forecast that Hilton Food Group plc will post 62.3340321 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Hilton Food Group news, insider Steve Murrells purchased 12,049 shares of Hilton Food Group stock in a transaction on Tuesday, September 30th. The stock was bought at an average cost of GBX 659 per share, with a total value of £79,402.91. Company insiders own 4.34% of the company’s stock.

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.