Hilton Food Group (LON:HFG) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Hilton Food Group plc (LON:HFG)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 884.07 ($11.77) and traded as high as GBX 890 ($11.85). Hilton Food Group shares last traded at GBX 872 ($11.61), with a volume of 203,942 shares changing hands.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HFG. Berenberg Bank lifted their target price on Hilton Food Group from GBX 1,090 ($14.51) to GBX 1,120 ($14.91) and gave the stock a “buy” rating in a report on Wednesday, April 9th. Shore Capital reissued a “house stock” rating on shares of Hilton Food Group in a research note on Tuesday, April 8th.

Hilton Food Group Stock Performance

The firm’s 50-day simple moving average is GBX 853.97 and its two-hundred day simple moving average is GBX 884.07. The company has a current ratio of 1.11, a quick ratio of 0.88 and a debt-to-equity ratio of 148.82. The stock has a market capitalization of £780.61 million, a PE ratio of 16.78, a PEG ratio of 17.31 and a beta of 0.57.

Hilton Food Group (LON:HFG) last issued its earnings results on Tuesday, April 8th. The company reported GBX 61 ($0.81) 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.

Hilton Food Group Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 17th were paid a dividend of GBX 24.90 ($0.33) per share. This represents a yield of 2.97%. The ex-dividend date of this dividend was Thursday, April 17th. This is a boost from Hilton Food Group’s previous dividend of $9.60. Hilton Food Group’s payout ratio is 63.52%.

Insider Transactions at Hilton Food Group

In other news, insider Mark Allen bought 5,950 shares of the company’s stock in a transaction on Tuesday, April 8th. The shares were bought at an average cost of GBX 835 ($11.12) per share, with a total value of £49,682.50 ($66,155.13). Also, insider Matt Osborne purchased 3,994 shares of the business’s stock in a transaction dated Wednesday, April 23rd. The shares were purchased at an average cost of GBX 892 ($11.88) per share, with a total value of £35,626.48 ($47,438.72). 14.33% of the stock is owned by insiders.

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.