Hilton Food Group (LON:HFG) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Hilton Food Group plc (LON:HFG) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 515.01 and traded as high as GBX 516.50. Hilton Food Group shares last traded at GBX 516.50, with a volume of 146,427 shares.

Analyst Upgrades and Downgrades

HFG has been the subject of a number of research reports. Shore Capital Group reiterated a “house stock” rating on shares of Hilton Food Group in a research note on Tuesday, June 16th. Berenberg Bank upped their target price on Hilton Food Group from GBX 740 to GBX 790 and gave the stock a “buy” rating in a report on Wednesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 815 target price on shares of Hilton Food Group in a research report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Hilton Food Group has a consensus rating of “Moderate Buy” and a consensus target price of GBX 703.75.

Hilton Food Group Stock Performance

The company has a market cap of £476.77 million, a price-to-earnings ratio of 6.07, a PEG ratio of 17.31 and a beta of 0.74. The firm has a 50 day moving average price of GBX 528.82 and a two-hundred day moving average price of GBX 515.27. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 129.90.

Hilton Food Group (LON:HFG) last posted its quarterly earnings data on Tuesday, March 31st. The company reported GBX 52.70 EPS for the quarter. Hilton Food Group had a return on equity of 14.17% and a net margin of 1.14%.The company had revenue of GBX 421.46 billion for the quarter. As a group, equities analysts forecast that Hilton Food Group plc will post 62.3340321 earnings per share for the current year.

Insider Transactions at Hilton Food Group

In other news, insider Bindi Foyle  purchased 3,761 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were purchased at an average price of GBX 529 per share, for a total transaction of £19,895.69. Insiders own 4.33% 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. 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.