Hilton Food Group (LON:HFG) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Hilton Food Group plc (LON:HFG)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 513.33 and traded as high as GBX 543.50. Hilton Food Group shares last traded at GBX 531, with a volume of 340,442 shares traded.

Analyst Ratings Changes

Several research analysts have commented on HFG shares. Shore Capital Group restated a “house stock” rating on shares of Hilton Food Group in a report on Tuesday, May 19th. Berenberg Bank raised their target price on shares of Hilton Food Group from GBX 740 to GBX 790 and gave the stock a “buy” rating in a research note on Wednesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 815 price objective on shares of Hilton Food Group in a research note on Wednesday, May 20th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 703.75.

Hilton Food Group Stock Down 1.2%

The firm has a market cap of £477.67 million, a P/E ratio of 6.08, a price-to-earnings-growth ratio of 17.31 and a beta of 0.74. 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’s 50-day simple moving average is GBX 531.50 and its 200 day simple moving average is GBX 513.33.

Hilton Food Group (LON:HFG) last released its earnings results on Tuesday, March 31st. The company reported GBX 52.70 earnings per share (EPS) for the quarter. The firm had revenue of GBX 421.46 billion during the quarter. Hilton Food Group had a net margin of 1.14% and a return on equity of 14.17%. Research analysts anticipate that Hilton Food Group plc will post 62.3340321 EPS for the current fiscal year.

Insider Activity

In other news, insider Bindi Foyle  acquired 3,761 shares of the business’s stock in a transaction 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. 4.33% of the stock is currently owned by corporate 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. 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.