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

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

Wall Street Analyst Weigh In

HFG has been the topic of a number of recent research reports. Shore Capital restated a “house stock” rating on shares of Hilton Food Group in a research note on Tuesday, November 25th. Peel Hunt restated a “hold” rating and issued a GBX 670 price target on shares of Hilton Food Group in a research report on Tuesday, November 25th. Berenberg Bank dropped their price target 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. Finally, Royal Bank Of Canada reduced their price objective 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, November 12th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of GBX 666.67.

Hilton Food Group Trading Down 10.8%

The company has a market capitalization of £412.65 million, a price-to-earnings ratio of 10.67, a P/E/G 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’s 50 day moving average price is GBX 500.97 and its two-hundred day moving average price is GBX 644.46.

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.