Hilton Food Group (LON:HFG) Stock Price Down 11% – Here’s What Happened

Hilton Food Group plc (LON:HFG) was down 11% during trading on Thursday . The company traded as low as GBX 453.50 and last traded at GBX 457.50. Approximately 1,599,932 shares were traded during mid-day trading, an increase of 255% from the average daily volume of 450,710 shares. The stock had previously closed at GBX 514.

Analyst Ratings Changes

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

Hilton Food Group Price Performance

The firm has a market cap of £408.85 million, a P/E ratio of 10.57, 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. The business has a 50-day moving average of GBX 500.97 and a two-hundred day moving average of GBX 644.46.

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. 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.