Berenberg Bank Has Lowered Expectations for Hilton Food Group (LON:HFG) Stock Price

Hilton Food Group (LON:HFG) had its price objective dropped by equities researchers at Berenberg Bank from GBX 1,090 to GBX 790 in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 60.90% from the stock’s previous close.

HFG has been the topic of a number of other research reports. Royal Bank Of Canada lowered their target price on shares of Hilton Food Group from GBX 750 to GBX 540 and set a “sector perform” rating on the stock in a research note on Wednesday. Shore Capital reaffirmed a “house stock” rating on shares of Hilton Food Group in a report on Tuesday. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Hilton Food Group presently has an average rating of “Moderate Buy” and a consensus price target of GBX 665.

Hilton Food Group Price Performance

LON HFG traded down GBX 4.50 during trading hours on Wednesday, hitting GBX 491. The company had a trading volume of 301,874 shares, compared to its average volume of 483,293. Hilton Food Group has a 52 week low of GBX 480 and a 52 week high of GBX 966. The firm has a 50 day simple moving average of GBX 654.04 and a 200 day simple moving average of GBX 787.78. The company has a debt-to-equity ratio of 148.82, a quick ratio of 0.88 and a current ratio of 1.11. The firm has a market capitalization of £441.43 million, a price-to-earnings ratio of 11.42, a PEG ratio of 17.31 and a beta of 0.57.

Hilton Food Group (LON:HFG) last announced its quarterly earnings results 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%. Equities research analysts expect that Hilton Food Group will post 62.3340321 earnings per share for the current year.

Insider Activity at Hilton Food Group

In other Hilton Food Group news, insider Steve Murrells acquired 12,049 shares of Hilton Food Group stock in a transaction on Tuesday, September 30th. The shares were purchased 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.

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.