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

Hilton Food Group (LON:HFG) had its target price raised by research analysts at Berenberg Bank from GBX 740 to GBX 790 in a research note issued on Wednesday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 51.92% from the company’s current price.

Hilton Food Group Stock Performance

LON HFG traded up GBX 9 during trading on Wednesday, reaching GBX 520. The company’s stock had a trading volume of 315,722 shares, compared to its average volume of 984,357. The firm has a 50 day moving average price of GBX 506.09 and a 200 day moving average price of GBX 547.28. The firm has a market capitalization of £467.77 million, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 17.31 and a beta of 0.83. The company has a current ratio of 1.20, a quick ratio of 0.88 and a debt-to-equity ratio of 158.23. Hilton Food Group has a 12 month low of GBX 447.89 and a 12 month high of GBX 914.

Insider Buying and Selling

In related news, insider Mark Allen bought 42,500 shares of the business’s stock in a transaction on Friday, January 30th. The shares were purchased at an average price of GBX 468 per share, for a total transaction of £198,900. 4.37% of the stock is currently 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. 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.