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

Hilton Food Group plc (LON:HFG) shares fell 22.7% during trading on Tuesday . The company traded as low as GBX 480 and last traded at GBX 495.50. 3,336,975 shares were traded 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 Analysts Forecast Growth

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

Hilton Food Group Stock Down 22.7%

The firm has a market cap of £445.48 million, a PE ratio of 11.52, a P/E/G ratio of 17.31 and a beta of 0.57. The company has a debt-to-equity ratio of 148.82, a current ratio of 1.11 and a quick ratio of 0.88. The business has a fifty day moving average price of GBX 664.19 and a two-hundred day moving average price of GBX 792.47.

Hilton Food Group (LON:HFG) last announced its quarterly earnings data on Wednesday, September 3rd. The company reported GBX 26.50 EPS for the quarter. Hilton Food Group had a return on equity of 15.15% and a net margin of 1.22%. On average, analysts anticipate that Hilton Food Group plc will post 62.3340321 EPS for the current fiscal year.

Insider Activity

In related news, insider Steve Murrells purchased 12,049 shares of the company’s stock in a transaction dated Tuesday, September 30th. The shares were acquired at an average cost of GBX 659 per share, with a total value of £79,402.91. 4.34% of the stock is owned by company 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.