Hilton Food Group (LON:HFG) Trading Down 22.7% Following Analyst Downgrade

Hilton Food Group plc (LON:HFG) traded down 22.7% on Wednesday after Berenberg Bank lowered their price target on the stock from GBX 1,090 to GBX 790. Berenberg Bank currently has a buy rating on the stock. Hilton Food Group traded as low as GBX 480 and last traded at GBX 495.50. 3,336,975 shares were traded during mid-day trading, an increase of 599% from the average session volume of 477,579 shares. The stock had previously closed at GBX 641.

A number of other analysts have also commented on HFG. Shore Capital reaffirmed a “house stock” rating on shares of Hilton Food Group in a research note on Tuesday. Royal Bank Of Canada reduced their price objective on shares of Hilton Food Group from GBX 750 to GBX 540 and set a “sector perform” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Hilton Food Group has a consensus rating of “Moderate Buy” and a consensus target price of GBX 665.

Insider Transactions at Hilton Food Group

In other news, insider Steve Murrells acquired 12,049 shares of the stock in a transaction on Tuesday, September 30th. The stock was acquired at an average price of GBX 659 per share, with a total value of £79,402.91. Company insiders own 4.34% of the company’s stock.

Hilton Food Group Trading Down 0.9%

The stock’s 50 day moving average is GBX 650.30 and its 200-day moving average is GBX 785.69. The company has a market cap of £434.24 million, a P/E ratio of 11.23, a PEG 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 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%. Research analysts anticipate that Hilton Food Group plc will post 62.3340321 earnings per share for the current fiscal year.

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.