Hilton Food Group (LON:HFG) Trading Down 10.8% – Should You Sell?

Hilton Food Group plc (LON:HFG) traded down 10.8% on Thursday . The company traded as low as GBX 447.89 and last traded at GBX 458.72. 26,305,262 shares traded hands during trading, an increase of 1,460% from the average session volume of 1,685,976 shares. The stock had previously closed at GBX 514.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HFG. Berenberg Bank dropped their target price on Hilton Food Group from GBX 1,090 to GBX 790 and set a “buy” rating on the stock in a report on Wednesday, November 12th. Royal Bank Of Canada lowered their price objective on Hilton Food Group from GBX 750 to GBX 540 and set a “sector perform” rating on the stock in a research report on Wednesday, November 12th. Peel Hunt reaffirmed a “hold” rating and set a GBX 670 target price on shares of Hilton Food Group in a report on Tuesday, November 25th. Finally, Shore Capital reiterated a “house stock” rating on shares of Hilton Food Group in a research note on Tuesday, November 25th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of GBX 666.67.

Hilton Food Group Price Performance

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 company has a market capitalization of £412.65 million, a price-to-earnings ratio of 10.67, a PEG ratio of 17.31 and a beta of 0.57. The stock’s 50-day simple moving average is GBX 500.97 and its two-hundred day simple moving average is GBX 644.46.

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.