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

Hilton Food Group plc (LON:HFG)’s stock price 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.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank Of Canada dropped their price target on shares of Hilton Food Group from GBX 750 to GBX 540 and set a “sector perform” rating on the stock in a research note on Wednesday. Shore Capital restated a “house stock” rating on shares of Hilton Food Group in a research report on Tuesday. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 665.

Insider Buying and Selling at Hilton Food Group

In related news, insider Steve Murrells bought 12,049 shares of the company’s stock in a transaction that occurred on Tuesday, September 30th. The stock was purchased at an average price of GBX 659 per share, for a total transaction of £79,402.91. 4.34% of the stock is currently owned by corporate insiders.

Hilton Food Group Price Performance

The company’s 50-day moving average price is GBX 650.30 and its 200-day moving average price is GBX 785.69. The firm has a market cap of £436.94 million, a price-to-earnings ratio of 11.30, a PEG 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 earnings results on Wednesday, September 3rd. The company reported GBX 26.50 EPS for the quarter. Hilton Food Group had a net margin of 1.22% and a return on equity of 15.15%. On average, equities research analysts forecast that Hilton Food Group plc will post 62.3340321 EPS for the current year.

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.