Hilton Food Group (LON:HFG) Stock Price Down 10.8% – What’s Next?

Hilton Food Group plc (LON:HFG) shares 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 traded hands during 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

Several research firms have recently weighed in on HFG. Berenberg Bank decreased 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. Royal Bank Of Canada decreased their price target on shares of Hilton Food Group from GBX 750 to GBX 540 and set a “sector perform” rating for the company in a research note on Wednesday, November 12th. Shore Capital restated a “house stock” rating on shares of Hilton Food Group in a research note on Tuesday, November 25th. Finally, Peel Hunt reiterated a “hold” rating and set a GBX 670 target price on shares of Hilton Food Group in a research note on Tuesday, November 25th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of GBX 666.67.

Hilton Food Group Stock Performance

The stock’s 50-day moving average price is GBX 500.97 and its 200-day moving average price is GBX 644.46. The company has a market capitalization of £412.65 million, a price-to-earnings ratio of 10.67, a P/E/G 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.

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. 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.