Hilton Food Group (LON:HFG) Shares Down 23.1% – Here’s Why

Hilton Food Group plc (LON:HFG) shares were down 23.1% during trading on Tuesday . The company traded as low as GBX 480 and last traded at GBX 493. Approximately 4,497,994 shares were traded during mid-day trading, an increase of 831% from the average daily volume of 482,880 shares. The stock had previously closed at GBX 641.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HFG shares. Berenberg Bank decreased 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 note on Friday, October 3rd. Royal Bank Of Canada lowered their target price on Hilton Food Group from GBX 1,050 to GBX 750 and set a “sector perform” rating for the company in a research note on Wednesday, September 3rd. Finally, Shore Capital reiterated a “house stock” rating on shares of Hilton Food Group in a report on Tuesday, September 30th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Hilton Food Group presently has an average rating of “Moderate Buy” and an average price target of GBX 920.

Hilton Food Group Stock Down 22.3%

The stock’s fifty day moving average price is GBX 664.19 and its 200-day moving average price is GBX 792.47. The company has a market capitalization of £447.54 million, a price-to-earnings ratio of 11.58, a P/E/G ratio of 17.31 and a beta of 0.57. The company has a quick ratio of 0.88, a current ratio of 1.11 and a debt-to-equity ratio of 148.82.

Hilton Food Group (LON:HFG) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported GBX 26.50 earnings per share (EPS) for the quarter. Hilton Food Group had a net margin of 1.22% and a return on equity of 15.15%. On average, sell-side analysts predict that Hilton Food Group plc will post 62.3340321 earnings per share for the current fiscal year.

Insider Activity at Hilton Food Group

In other news, insider Steve Murrells acquired 12,049 shares of the stock in a transaction dated Tuesday, September 30th. The shares were bought at an average cost of GBX 659 per share, for a total transaction of £79,402.91. 4.34% of the stock is currently owned by company 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.