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

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Berenberg Bank decreased their price target 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. Royal Bank Of Canada decreased their price objective on shares of 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. Finally, Shore Capital reissued a “house stock” rating on shares of Hilton Food Group in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 920.

Hilton Food Group Stock Performance

The company has a 50-day moving average of GBX 664.19 and a 200-day moving average of GBX 792.47. The firm has a market capitalization of £445.48 million, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 17.31 and a beta of 0.57. The company has a current ratio of 1.11, a quick ratio of 0.88 and a debt-to-equity ratio of 148.82.

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

Insider Buying and Selling at Hilton Food Group

In other Hilton Food Group news, insider Steve Murrells acquired 12,049 shares of the stock in a transaction that occurred on Tuesday, September 30th. The stock was acquired 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 corporate 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.