Hilton Food Group (LON:HFG) Shares Down 23.2% – Time to Sell?

Hilton Food Group plc (LON:HFG) traded down 23.2% during trading on Tuesday . The stock traded as low as GBX 480 and last traded at GBX 492. 3,702,168 shares traded hands during mid-day trading, an increase of 672% from the average session volume of 479,247 shares. The stock had previously closed at GBX 641.

Wall Street Analysts Forecast Growth

HFG has been the subject of a number of recent analyst reports. Shore Capital reaffirmed a “house stock” rating on shares of Hilton Food Group in a report on Tuesday, September 30th. 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 note on Friday, October 3rd. Finally, Royal Bank Of Canada decreased their target price on shares of Hilton Food Group from GBX 1,050 to GBX 750 and set a “sector perform” rating on the stock in a report on Wednesday, September 3rd. One 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 presently has an average rating of “Moderate Buy” and an average price target of GBX 920.

Hilton Food Group Price Performance

The company has a market capitalization of £437.25 million, a PE ratio of 11.31, a price-to-earnings-growth 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. The firm’s 50-day moving average is GBX 664.19 and its 200-day moving average is GBX 792.47.

Hilton Food Group (LON:HFG) last issued its quarterly 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 predict that Hilton Food Group plc will post 62.3340321 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Steve Murrells bought 12,049 shares of the business’s stock in a transaction 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 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.