Hilton Food Group (LON:HFG) Shares Down 22.7% – Here’s Why

Shares of Hilton Food Group plc (LON:HFG) dropped 22.7% during mid-day trading on Tuesday . The stock traded as low as GBX 480 and last traded at GBX 495.50. Approximately 3,336,975 shares changed hands during mid-day trading, an increase of 599% from the average daily volume of 477,579 shares. The stock had previously closed at GBX 641.

Analyst Ratings Changes

A number of research firms have recently weighed in on HFG. Berenberg Bank cut their target price on Hilton Food Group from GBX 1,100 to GBX 1,090 and set a “buy” rating for the company in a research report on Friday, October 3rd. Royal Bank Of Canada cut their price objective on Hilton Food Group from GBX 1,050 to GBX 750 and set a “sector perform” rating on the stock in a report on Wednesday, September 3rd. Finally, Shore Capital restated a “house stock” rating on shares of Hilton Food Group in a research report on Tuesday. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 920.

Hilton Food Group Trading Down 22.7%

The firm’s 50-day moving average price is GBX 664.19 and its 200 day moving average price is GBX 792.47. The company has a market cap of £445.48 million, a price-to-earnings ratio of 11.52, a P/E/G ratio of 17.31 and a beta of 0.57. The company has a current ratio of 1.11, a quick ratio of 0.88 and a debt-to-equity ratio of 148.82.

Hilton Food Group (LON:HFG) last issued its earnings results on Wednesday, September 3rd. The company reported GBX 26.50 EPS for the quarter. Hilton Food Group had a return on equity of 15.15% and a net margin of 1.22%. As a group, equities analysts expect that Hilton Food Group plc will post 62.3340321 EPS for the current year.

Insiders Place Their Bets

In related news, insider Steve Murrells purchased 12,049 shares of the business’s stock in a transaction on Tuesday, September 30th. The stock was acquired at an average price of GBX 659 per share, for a total transaction of £79,402.91. Insiders own 4.34% 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.