Hilton Food Group (LON:HFG) Stock Price Down 10.8% – Here’s What Happened

Hilton Food Group plc (LON:HFG) shares dropped 10.8% during mid-day trading on Thursday . The stock traded as low as GBX 447.89 and last traded at GBX 458.72. Approximately 26,305,262 shares changed hands during mid-day trading, an increase of 1,460% from the average daily volume of 1,685,976 shares. The stock had previously closed at GBX 514.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HFG. Berenberg Bank lowered their target price on Hilton Food Group from GBX 1,090 to GBX 790 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Royal Bank Of Canada lowered their price objective on shares of Hilton Food Group from GBX 750 to GBX 540 and set a “sector perform” rating for the company in a research report on Wednesday, November 12th. Shore Capital reaffirmed a “house stock” rating on shares of Hilton Food Group in a research note on Tuesday, November 25th. Finally, Peel Hunt reissued a “hold” rating and set a GBX 670 price target on shares of Hilton Food Group in a research note on Tuesday, November 25th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 666.67.

Hilton Food Group Stock Down 10.8%

The business’s fifty day simple moving average is GBX 500.97 and its 200 day simple moving average is GBX 644.46. The stock has a market cap of £412.65 million, a price-to-earnings ratio of 10.67, a price-to-earnings-growth 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.

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. We also offer a range of supply chain service expertise and solutions through our investment in innovative, leading technology such as Foods Connected, Agito Group and Cellular Agriculture Ltd.

We are a business of over 7,000 employees, operating from 24 technologically advanced food processing, packing and logistics facilities across 19 markets in Europe, Asia Pacific and North America.