Hilton Food Group (LON:HFG) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Hilton Food Group (LON:HFG) had its price target lifted by Berenberg Bank from GBX 1,090 ($13.93) to GBX 1,120 ($14.31) in a research note released on Wednesday, MarketBeat Ratings reports. They currently have a buy rating on the stock.

Separately, Shore Capital reiterated a “house stock” rating on shares of Hilton Food Group in a research note on Tuesday.

Hilton Food Group Price Performance

Shares of HFG traded up GBX 14.02 ($0.18) during trading hours on Wednesday, reaching GBX 853.02 ($10.90). 11,066,084 shares of the company’s stock traded hands, compared to its average volume of 566,989. The firm’s 50 day simple moving average is GBX 855.12 and its 200-day simple moving average is GBX 885.45. The stock has a market cap of £763.62 million, a PE ratio of 16.42, a price-to-earnings-growth ratio of 17.31 and a beta of 0.57. Hilton Food Group has a 12 month low of GBX 796 ($10.17) and a 12 month high of GBX 996 ($12.73). 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 issued its quarterly earnings data on Tuesday, April 8th. The company reported GBX 61 ($0.78) EPS for the quarter. Hilton Food Group had a net margin of 1.22% and a return on equity of 15.15%. Equities analysts expect that Hilton Food Group will post 62.3340321 EPS for the current year.

Hilton Food Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 17th will be issued a dividend of GBX 24.90 ($0.32) per share. This represents a dividend yield of 2.97%. This is a boost from Hilton Food Group’s previous dividend of $9.60. The ex-dividend date is Thursday, April 17th. Hilton Food Group’s dividend payout ratio is 63.52%.

Insider Activity at Hilton Food Group

In other news, insider Mark Allen purchased 5,950 shares of the company’s stock in a transaction dated Tuesday, April 8th. The shares were acquired at an average price of GBX 835 ($10.67) per share, with a total value of £49,682.50 ($63,483.90). 14.33% of the stock is owned by 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.