Hilton Food Group (LON:HFG) Shares Down 10.8% – Here’s Why

Hilton Food Group plc (LON:HFG)’s share price dropped 10.8% during trading on Thursday . The stock traded as low as GBX 447.89 and last traded at GBX 458.72. Approximately 26,305,262 shares changed hands during mid-day trading, an increase of 1,460% from the average daily volume of 1,685,976 shares. The stock had previously closed at GBX 514.

Analyst Ratings Changes

A number of research firms recently commented on HFG. Shore Capital reaffirmed a “house stock” rating on shares of Hilton Food Group in a research report on Tuesday, November 25th. 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. Berenberg Bank dropped their price objective on Hilton Food Group from GBX 1,090 to GBX 790 and set a “buy” rating for the company in a report on Wednesday, November 12th. Finally, Royal Bank Of Canada decreased their price target on Hilton Food Group from GBX 750 to GBX 540 and set a “sector perform” rating on the stock in a research report on Wednesday, November 12th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 666.67.

Hilton Food Group Stock Down 10.8%

The firm’s fifty day moving average is GBX 500.54 and its 200-day moving average is GBX 643.17. The company has a market capitalization of £412.65 million, a P/E ratio of 10.67, a price-to-earnings-growth ratio of 17.31 and a beta of 0.57. The company has a debt-to-equity ratio of 148.82, a quick ratio of 0.88 and a current ratio of 1.11.

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.