Hilton Food Group (LON:HFG) Sets New 52-Week High – Still a Buy?

Hilton Food Group plc (LON:HFG)’s stock price hit a new 52-week high on Monday. The company traded as high as GBX 738 and last traded at GBX 737.63, with a volume of 121,593 shares traded. The stock had previously closed at GBX 719.50.

Analysts Set New Price Targets

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

Hilton Food Group Trading Up 2.0%

The company has a debt-to-equity ratio of 157.02, a quick ratio of 0.88 and a current ratio of 1.28. The stock has a 50-day moving average of GBX 690.34 and a two-hundred day moving average of GBX 570.09. The company has a market cap of £660.28 million, a P/E ratio of 12.88, a price-to-earnings-growth ratio of 17.31 and a beta of 0.75.

Hilton Food Group (LON:HFG) last announced its quarterly earnings results on Thursday, September 3rd. The company reported GBX 25.70 earnings per share for the quarter. Hilton Food Group had a net margin of 0.47% and a return on equity of 5.91%. On average, equities research analysts predict that Hilton Food Group plc will post 62.33 earnings per share for the current year.

Insider Transactions at Hilton Food Group

In other news, insider Matt Osborne bought 12,008 shares of the stock in a transaction that occurred on Friday, September 11th. The shares were bought at an average price of GBX 666 per share, for a total transaction of £79,973.28. Also, insider Mark Allen purchased 14,500 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was acquired at an average price of GBX 682 per share, with a total value of £98,890. 4.41% of the stock is owned by insiders.

Hilton Food Group Company Profile

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.