Hilton Food Group (LON:HFG) Stock Price Down 22.7% – What’s Next?

Hilton Food Group plc (LON:HFG) dropped 22.7% on Tuesday . The stock traded as low as GBX 480 and last traded at GBX 495.50. Approximately 3,336,975 shares were traded during mid-day trading, an increase of 599% from the average daily volume of 477,579 shares. The stock had previously closed at GBX 641.

Analysts Set New Price Targets

A number of analysts have commented on HFG shares. Royal Bank Of Canada decreased their price objective on Hilton Food Group from GBX 1,050 to GBX 750 and set a “sector perform” rating for the company in a report on Wednesday, September 3rd. Shore Capital reissued a “house stock” rating on shares of Hilton Food Group in a research report on Tuesday. Finally, Berenberg Bank reduced their price objective on shares of 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 analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 920.

Hilton Food Group Trading Down 22.7%

The firm has a 50 day moving average of GBX 657.66 and a 200 day moving average of GBX 789.82. 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 quick ratio of 0.88, a current ratio of 1.11 and a debt-to-equity ratio of 148.82.

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%. Equities analysts anticipate that Hilton Food Group plc will post 62.3340321 earnings per share for the current year.

Insider Activity

In other Hilton Food Group news, insider Steve Murrells purchased 12,049 shares of the stock in a transaction dated Tuesday, September 30th. The shares were bought at an average price of GBX 659 per share, with a total value of £79,402.91. 4.34% of the stock is currently owned by company 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.