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

Shares of Hilton Food Group plc (LON:HFG) dropped 22.7% during trading on Wednesday . The company traded as low as GBX 480 and last traded at GBX 495.50. Approximately 3,336,975 shares changed 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.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HFG. Shore Capital reaffirmed a “house stock” rating on shares of Hilton Food Group in a research report on Tuesday. Royal Bank Of Canada lowered their target price on 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. Finally, Berenberg Bank dropped their target price on Hilton Food Group from GBX 1,100 to GBX 1,090 and set a “buy” rating on the stock in a report on Friday, October 3rd. 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, Hilton Food Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 920.

Hilton Food Group Stock Up 0.5%

The stock’s 50 day simple moving average is GBX 657.66 and its 200 day simple moving average is GBX 789.82. The stock has a market capitalization of £447.73 million, a P/E ratio of 11.58, a P/E/G 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 posted 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%. As a group, research analysts predict that Hilton Food Group plc will post 62.3340321 EPS for the current fiscal year.

Insiders Place Their Bets

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

About Hilton Food Group

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.