Hilton Food Group (LON:HFG) Stock Breaks Above Two Hundred Day Moving Average – Should You Sell?

Shares of Hilton Food Group plc (LON:HFG) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 558.20 and traded as high as GBX 704. Hilton Food Group shares last traded at GBX 691, with a volume of 1,702,926 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HFG. Shore Capital Group reissued a “house stock” rating on shares of Hilton Food Group in a research report on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Hilton Food Group from GBX 815 to GBX 850 and gave the stock a “buy” rating in a research note on Friday, September 4th. Finally, Berenberg Bank boosted their price objective on shares of Hilton Food Group from GBX 790 to GBX 810 and gave the company a “buy” rating in a report on Monday, September 7th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Hilton Food Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 717.50.

Hilton Food Group Stock Performance

The stock has a 50 day simple moving average of GBX 627.20 and a 200 day simple moving average of GBX 559.51. The company has a current ratio of 1.28, a quick ratio of 0.88 and a debt-to-equity ratio of 157.02. The stock has a market cap of £630.14 million, a P/E ratio of 12.29, a price-to-earnings-growth ratio of 17.31 and a beta of 0.75.

Hilton Food Group (LON:HFG) last released its earnings results on Thursday, September 3rd. The company reported GBX 25.70 earnings per share for the quarter. Hilton Food Group had a return on equity of 5.91% and a net margin of 0.47%. On average, equities analysts expect that Hilton Food Group plc will post 62.3340321 earnings per share for the current year.

Insider Transactions at Hilton Food Group

In other news, insider Matt Osborne acquired 12,008 shares of Hilton Food Group stock in a transaction on Friday, September 11th. The shares were purchased at an average cost of GBX 666 per share, for a total transaction of £79,973.28. Also, insider Mark Allen bought 14,500 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was purchased at an average cost of GBX 682 per share, for a total transaction of £98,890. 4.33% of the stock is owned by 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. 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.