Hilton Food Group (LON:HFG) Trading Down 10.8% – Here’s Why

Hilton Food Group plc (LON:HFGGet Free Report) shares were down 10.8% during trading on Thursday . The company traded as low as GBX 447.89 and last traded at GBX 458.72. Approximately 26,305,262 shares were traded 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.

Key Stories Impacting Hilton Food Group

Here are the key news stories impacting Hilton Food Group this week:

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Shore Capital reissued a “house stock” rating on shares of Hilton Food Group in a research note on Tuesday, November 25th. Peel Hunt reissued a “hold” rating and set a GBX 670 target price on shares of Hilton Food Group in a report on Tuesday, November 25th. Berenberg Bank dropped their price target on shares of 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 decreased their price objective on Hilton Food Group from GBX 750 to GBX 540 and set a “sector perform” rating for the company in a report on Wednesday, November 12th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of GBX 666.67.

Get Our Latest Research Report on HFG

Hilton Food Group Stock Up 3.1%

The stock’s 50-day moving average price is GBX 500.10 and its 200-day moving average price is GBX 640.57. The stock has a market cap of £422.79 million, a price-to-earnings ratio of 10.93, 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.

About Hilton Food Group

(Get Free Report)

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.

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