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

Hilton Food Group plc (LON:HFG) shares were down 22.7% on Tuesday . The company traded as low as GBX 480 and last traded at GBX 495.50. Approximately 3,336,975 shares traded hands 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.

Analyst Ratings Changes

HFG has been the subject of several research analyst reports. Royal Bank Of Canada decreased their price target 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. Berenberg Bank lowered their price objective on Hilton Food Group from GBX 1,100 to GBX 1,090 and set a “buy” rating on the stock in a research note on Friday, October 3rd. Finally, Shore Capital reiterated a “house stock” rating on shares of Hilton Food Group in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Hilton Food Group has a consensus rating of “Moderate Buy” and an average target price of GBX 920.

Hilton Food Group Trading Down 22.7%

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

Hilton Food Group (LON:HFG) last issued its quarterly earnings results 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%. As a group, equities analysts expect that Hilton Food Group plc will post 62.3340321 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Hilton Food Group news, insider Steve Murrells purchased 12,049 shares of the stock in a transaction on Tuesday, September 30th. The stock was acquired at an average cost of GBX 659 per share, with a total value of £79,402.91. 4.34% of the stock is currently 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.