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

Hilton Food Group plc (LON:HFG)’s share price dropped 22.7% on Tuesday . The company traded as low as GBX 480 and last traded at GBX 495.50. Approximately 3,336,975 shares were traded during trading, an increase of 599% from the average daily volume of 477,579 shares. The stock had previously closed at GBX 641.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on HFG shares. Berenberg Bank lowered their price objective on Hilton Food Group from GBX 1,100 to GBX 1,090 and set a “buy” rating for the company in a research report on Friday, October 3rd. Royal Bank Of Canada lowered their price target on Hilton Food Group from GBX 1,050 to GBX 750 and set a “sector perform” rating for the company in a report on Wednesday, September 3rd. Finally, Shore Capital reissued 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 given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 920.

Hilton Food Group Price Performance

The company has a debt-to-equity ratio of 148.82, a current ratio of 1.11 and a quick ratio of 0.88. The company has a market cap of £445.48 million, a PE ratio of 11.52, a P/E/G ratio of 17.31 and a beta of 0.57. The company has a 50-day moving average price of GBX 657.66 and a two-hundred day moving average price of GBX 789.82.

Hilton Food Group (LON:HFG) last announced its 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%. Sell-side analysts expect that Hilton Food Group plc will post 62.3340321 earnings per share for the current fiscal year.

Insider Activity at Hilton Food Group

In other news, insider Steve Murrells bought 12,049 shares of Hilton Food Group stock in a transaction dated Tuesday, September 30th. The shares were acquired at an average cost of GBX 659 per share, with a total value of £79,402.91. Insiders own 4.34% of the company’s stock.

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.