Hilton Food Group (LON:HFG) Share Price Passes Above 200 Day Moving Average – Here’s Why

Shares of Hilton Food Group plc (LON:HFG) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 526.33 and traded as high as GBX 621.15. Hilton Food Group shares last traded at GBX 616.96, with a volume of 247,299 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on HFG shares. Shore Capital Group reissued a “house stock” rating on shares of Hilton Food Group in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 815 price objective on shares of Hilton Food Group in a research report on Monday, August 3rd. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 703.75.

Hilton Food Group Trading Down 1.6%

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 business’s 50-day moving average is GBX 542.06 and its two-hundred day moving average is GBX 527.12. The firm has a market cap of £544.23 million, a P/E ratio of 6.93, a P/E/G ratio of 17.31 and a beta of 0.75.

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.