Hilton Food Group (LON:HFG) Stock Price Breaks Above 200 Day Moving Average – Time to Sell?

Hilton Food Group plc (LON:HFG)’s share price passed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of GBX 575.23 and traded as high as GBX 725.50. Hilton Food Group shares last traded at GBX 713.50, with a volume of 116,814 shares traded.

Analysts Set New Price Targets

HFG has been the subject of several research analyst reports. Shore Capital Group reaffirmed a “house stock” rating on shares of Hilton Food Group in a research note on Thursday, September 3rd. Berenberg Bank increased their target price on shares of Hilton Food Group from GBX 790 to GBX 810 and gave the company a “buy” rating in a research report on Monday, September 7th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Hilton Food Group from GBX 815 to GBX 850 and gave the company a “buy” rating in a research report on Friday, September 4th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 717.50.

Hilton Food Group Trading Down 0.2%

The company has a debt-to-equity ratio of 157.02, a quick ratio of 0.88 and a current ratio of 1.28. The company has a 50 day moving average of GBX 660.70 and a 200 day moving average of GBX 575.23. The stock has a market capitalization of £641.84 million, a price-to-earnings ratio of 12.52, a P/E/G ratio of 17.31 and a beta of 0.75.

Hilton Food Group (LON:HFG) last released its quarterly earnings data on Thursday, September 3rd. The company reported GBX 25.70 earnings per share (EPS) for the quarter. Hilton Food Group had a net margin of 0.47% and a return on equity of 5.91%. On average, research analysts predict that Hilton Food Group plc will post 62.33 EPS for the current fiscal year.

Insider Activity at Hilton Food Group

In other news, insider Mark Allen purchased 14,500 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was acquired at an average price of GBX 682 per share, with a total value of £98,890. Also, insider Matt Osborne purchased 12,008 shares of the firm’s stock in a transaction on Friday, September 11th. The shares were purchased at an average cost of GBX 666 per share, for a total transaction of £79,973.28. 4.41% of the stock is owned by corporate 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. 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.