Hilton Food Group (LON:HFG) Shares Down 10.2% – Should You Sell?

Hilton Food Group plc (LON:HFG)’s share price fell 10.2% on Thursday . The company traded as low as GBX 457.50 and last traded at GBX 461.37. 1,298,644 shares changed hands during mid-day trading, an increase of 198% from the average session volume of 435,645 shares. The stock had previously closed at GBX 514.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HFG. Shore Capital reiterated a “house stock” rating on shares of Hilton Food Group in a research note on Tuesday, November 25th. Royal Bank Of Canada decreased their price objective on shares of 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. Peel Hunt reiterated a “hold” rating and issued a GBX 670 target price on shares of Hilton Food Group in a research note on Tuesday, November 25th. Finally, Berenberg Bank cut their price target 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, November 12th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Hilton Food Group has a consensus rating of “Hold” and a consensus price target of GBX 666.67.

Hilton Food Group Stock Performance

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 stock has a market capitalization of £414.25 million, a PE ratio of 10.71, a PEG ratio of 17.31 and a beta of 0.57. The firm has a 50 day moving average price of GBX 500.97 and a 200-day moving average price of GBX 644.46.

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.