Hilton Food Group (LON:HFG) Stock Price Breaks Above 200-Day Moving Average – Time to Sell?

Hilton Food Group plc (LON:HFG) shares crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 566.85 and traded as high as GBX 717. Hilton Food Group shares last traded at GBX 705, with a volume of 22,493,436 shares traded.

Analysts Set New Price Targets

HFG has been the topic of a number of research analyst reports. Berenberg Bank raised their target price on Hilton Food Group from GBX 790 to GBX 810 and gave the company a “buy” rating in a report on Monday, September 7th. Shore Capital Group reaffirmed a “house stock” rating on shares of Hilton Food Group in a research note on Thursday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Hilton Food Group from GBX 815 to GBX 850 and gave the company a “buy” rating in a report on Friday, September 4th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 717.50.

Hilton Food Group Price Performance

The company has a quick ratio of 0.88, a current ratio of 1.28 and a debt-to-equity ratio of 157.02. The firm has a market capitalization of £628.34 million, a price-to-earnings ratio of 12.25, a P/E/G ratio of 17.31 and a beta of 0.75. The stock’s 50 day moving average price is GBX 646.82 and its two-hundred day moving average price is GBX 567.77.

Hilton Food Group (LON:HFG) last released its quarterly earnings data on Thursday, September 3rd. The company reported GBX 25.70 earnings per share for the quarter. Hilton Food Group had a net margin of 0.47% and a return on equity of 5.91%. Analysts anticipate that Hilton Food Group plc will post 62.3340321 EPS for the current fiscal year.

Insider Activity at Hilton Food Group

In other Hilton Food Group news, insider Matt Osborne acquired 12,008 shares of the business’s stock in a transaction dated Friday, September 11th. The stock was acquired at an average cost of GBX 666 per share, for a total transaction of £79,973.28. Also, insider Mark Allen acquired 14,500 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were bought at an average cost of GBX 682 per share, with a total value of £98,890. 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.