Hilton Food Group (LON:HFG) Shares Down 23.9% – What’s Next?

Hilton Food Group plc (LON:HFG) traded down 23.9% during mid-day trading on Tuesday . The company traded as low as GBX 480 and last traded at GBX 487.88. 4,217,333 shares traded hands during trading, an increase of 776% from the average session volume of 481,599 shares. The stock had previously closed at GBX 641.

Wall Street Analysts Forecast Growth

Several analysts have commented on HFG shares. Royal Bank Of Canada dropped their target price on shares of 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. Berenberg Bank dropped their price objective on shares of Hilton Food Group from GBX 1,100 to GBX 1,090 and set a “buy” rating on the stock in a report on Friday, October 3rd. Finally, Shore Capital reaffirmed a “house stock” rating on shares of Hilton Food Group in a research 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 920.

Hilton Food Group Price Performance

The company has a market cap of £437.25 million, a P/E ratio of 11.31, a PEG ratio of 17.31 and a beta of 0.57. The company has a fifty day moving average price of GBX 664.19 and a two-hundred day moving average price of GBX 792.47. 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 (LON:HFG) last issued its quarterly 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%. On average, sell-side analysts anticipate 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 bought 12,049 shares of the firm’s stock in a transaction that occurred on Tuesday, September 30th. The stock was acquired at an average cost of GBX 659 per share, with a total value 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.