Hilton Food Group (LON:HFG) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Hilton Food Group plc (LON:HFG) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 515.87 and traded as high as GBX 520.50. Hilton Food Group shares last traded at GBX 520, with a volume of 111,114 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on HFG shares. Shore Capital Group reissued a “house stock” rating on shares of Hilton Food Group in a report on Tuesday, June 16th. Berenberg Bank raised their price objective on shares of Hilton Food Group from GBX 740 to GBX 790 and gave the stock a “buy” rating in a report on Wednesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 815 price objective on shares of Hilton Food Group in a research report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 703.75.

Hilton Food Group Stock Performance

The company has a debt-to-equity ratio of 129.90, a current ratio of 1.10 and a quick ratio of 0.88. The company has a 50 day simple moving average of GBX 527.51 and a 200-day simple moving average of GBX 515.87. The stock has a market capitalization of £467.77 million, a P/E ratio of 5.96, a price-to-earnings-growth ratio of 17.31 and a beta of 0.73.

Insiders Place Their Bets

In other news, insider Bindi Foyle  acquired 3,761 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The stock was bought at an average price of GBX 529 per share, with a total value of £19,895.69. Company insiders own 4.33% of the company’s stock.

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.