Hilton Food Group (LON:HFG) Given New GBX 790 Price Target at Berenberg Bank

Hilton Food Group (LON:HFG) had its price objective reduced by Berenberg Bank from GBX 1,090 to GBX 790 in a report issued on Wednesday, Marketbeat reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 60.90% from the stock’s current price.

Several other research firms also recently issued reports on HFG. 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 reaffirmed a “house stock” rating on shares of Hilton Food Group in a report on Tuesday. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Hilton Food Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 665.

Hilton Food Group Stock Performance

LON:HFG traded down GBX 4.50 during mid-day trading on Wednesday, reaching GBX 491. 301,874 shares of the stock were exchanged, compared to its average volume of 483,293. The company has a 50 day simple moving average of GBX 654.04 and a 200-day simple moving average of GBX 787.78. Hilton Food Group has a 1 year low of GBX 480 and a 1 year high of GBX 966. The stock has a market capitalization of £441.43 million, a P/E ratio of 11.42, a P/E/G 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 announced its quarterly earnings data 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%. Analysts anticipate that Hilton Food Group 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 acquired 12,049 shares of the company’s stock in a transaction that occurred on Tuesday, September 30th. The shares were acquired at an average price of GBX 659 per share, with a total value of £79,402.91. Insiders own 4.34% of the company’s stock.

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.