Hilton Food Group (LON:HFG) Trading Down 21.8% – Here’s Why

Hilton Food Group plc (LON:HFG) traded down 21.8% on Tuesday . The stock traded as low as GBX 480 and last traded at GBX 501.54. 5,246,721 shares traded hands during trading, an increase of 979% from the average session volume of 486,299 shares. The stock had previously closed at GBX 641.

Analyst Upgrades and Downgrades

HFG has been the subject of several recent analyst reports. Shore Capital restated a “house stock” rating on shares of Hilton Food Group in a research note on Tuesday, September 30th. Berenberg Bank cut their price target on Hilton Food Group from GBX 1,100 to GBX 1,090 and set a “buy” rating for the company in a report on Friday, October 3rd. Finally, Royal Bank Of Canada lowered their price objective on shares of Hilton Food Group from GBX 1,050 to GBX 750 and set a “sector perform” rating on the stock in a research note on Wednesday, September 3rd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Hilton Food Group presently has an average rating of “Moderate Buy” and an average target price of GBX 920.

Hilton Food Group Stock Down 21.7%

The firm has a 50 day moving average of GBX 664.19 and a 200-day moving average of GBX 792.47. The company has a debt-to-equity ratio of 148.82, a current ratio of 1.11 and a quick ratio of 0.88. The stock has a market capitalization of £451.32 million, a P/E ratio of 11.67, a price-to-earnings-growth ratio of 17.31 and a beta of 0.57.

Hilton Food Group (LON:HFG) last announced its quarterly earnings data 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, equities research analysts expect that Hilton Food Group plc will post 62.3340321 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Hilton Food Group news, insider Steve Murrells purchased 12,049 shares of the firm’s stock in a transaction on Tuesday, September 30th. The shares were purchased at an average price of GBX 659 per share, for a total transaction of £79,402.91. 4.34% of the stock is owned by corporate 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.