Hilton Food Group (LON:HFG) Trading Down 11.8% – What’s Next?

Hilton Food Group plc (LON:HFG) fell 11.8% on Thursday . The company traded as low as GBX 453.50 and last traded at GBX 453.50. 1,620,615 shares changed hands during mid-day trading, an increase of 259% from the average session volume of 451,744 shares. The stock had previously closed at GBX 514.

Analysts Set New Price Targets

Several analysts have weighed in on HFG shares. Shore Capital reiterated a “house stock” rating on shares of Hilton Food Group in a research note on Tuesday, November 25th. Berenberg Bank decreased their target price on Hilton Food Group from GBX 1,090 to GBX 790 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Royal Bank Of Canada cut their price target on Hilton Food Group from GBX 750 to GBX 540 and set a “sector perform” rating on the stock in a report on Wednesday, November 12th. Finally, Peel Hunt restated a “hold” rating and set a GBX 670 price objective on shares of Hilton Food Group in a research note on Tuesday, November 25th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Hilton Food Group presently has a consensus rating of “Hold” and a consensus price target of GBX 666.67.

Hilton Food Group Stock Down 11.6%

The company has a debt-to-equity ratio of 148.82, a quick ratio of 0.88 and a current ratio of 1.11. The firm has a 50 day simple moving average of GBX 500.97 and a two-hundred day simple moving average of GBX 644.46. The stock has a market cap of £408.85 million, a P/E ratio of 10.57, a P/E/G ratio of 17.31 and a beta of 0.57.

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. We also offer a range of supply chain service expertise and solutions through our investment in innovative, leading technology such as Foods Connected, Agito Group and Cellular Agriculture Ltd.

We are a business of over 7,000 employees, operating from 24 technologically advanced food processing, packing and logistics facilities across 19 markets in Europe, Asia Pacific and North America.