Hilton Food Group (LON:HFG) Reaches New 12-Month Low – Here’s What Happened

Hilton Food Group plc (LON:HFG)’s share price hit a new 52-week low on Wednesday . The stock traded as low as GBX 633.50 and last traded at GBX 642, with a volume of 269609 shares trading hands. The stock had previously closed at GBX 640.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Shore Capital reiterated a “house stock” rating on shares of Hilton Food Group in a research report on Tuesday, September 30th. Royal Bank Of Canada dropped their price target on shares of Hilton Food Group from GBX 1,050 to GBX 750 and set a “sector perform” rating on the stock in a research report on Wednesday, September 3rd. Finally, Berenberg Bank dropped their price target on shares of Hilton Food Group from GBX 1,100 to GBX 1,090 and set a “buy” rating on the stock in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Hilton Food Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 920.

Hilton Food Group Trading Up 1.1%

The company has a fifty day simple moving average of GBX 679.26 and a 200-day simple moving average of GBX 799.31. 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 stock has a market cap of £583.48 million, a price-to-earnings ratio of 15.09, a P/E/G ratio of 17.31 and a beta of 0.57.

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 return on equity of 15.15% and a net margin of 1.22%. On average, research analysts forecast that Hilton Food Group plc will post 62.3340321 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

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.