Berenberg Bank Has Lowered Expectations for Hilton Food Group (LON:HFG) Stock Price

Hilton Food Group (LON:HFG) had its price target dropped by Berenberg Bank from GBX 1,100 to GBX 1,090 in a research report issued on Friday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 64.21% from the company’s previous close.

Several other equities research analysts also recently issued reports on the company. Shore Capital reaffirmed a “house stock” rating on shares of Hilton Food Group in a research report on Tuesday, September 30th. Royal Bank Of Canada decreased their target price on Hilton Food Group from GBX 1,050 to GBX 750 and set a “sector perform” rating for the company in a research note on Wednesday, September 3rd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 920.

Hilton Food Group Trading Down 0.3%

Shares of HFG stock opened at GBX 663.78 on Friday. Hilton Food Group has a 12 month low of GBX 638 and a 12 month high of GBX 969. The company has a market cap of £596.78 million, a PE ratio of 1,543.68, a price-to-earnings-growth ratio of 17.31 and a beta of 0.57. The company has a quick ratio of 0.88, a current ratio of 1.11 and a debt-to-equity ratio of 148.82. The business’s 50 day moving average is GBX 759.65 and its two-hundred day moving average is GBX 828.42.

Hilton Food Group (LON:HFG) last posted its quarterly earnings data on Wednesday, September 3rd. The company reported GBX 26.50 earnings per share (EPS) for the quarter. Hilton Food Group had a net margin of 1.22% and a return on equity of 15.15%. Equities analysts predict that Hilton Food Group will post 62.3340321 EPS for the current year.

Insiders Place Their Bets

In other news, insider Steve Murrells bought 12,049 shares of the firm’s stock in a transaction that occurred on Tuesday, September 30th. The shares were acquired at an average cost of GBX 659 per share, with a total value of £79,402.91. 4.34% of the stock is currently owned by company insiders.

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.