Hilton Food Group (LON:HFG) Reaches New 12-Month High – Here’s Why

Hilton Food Group plc (LON:HFG)’s share price reached a new 52-week high during mid-day trading on Monday. The stock traded as high as GBX 738 and last traded at GBX 737.63, with a volume of 121,593 shares changing hands. The stock had previously closed at GBX 719.50.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HFG. Shore Capital Group reissued a “house stock” rating on shares of Hilton Food Group in a research note on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft lifted their target price on Hilton Food Group from GBX 815 to GBX 850 and gave the stock a “buy” rating in a report on Friday, September 4th. Finally, Berenberg Bank boosted their price target on Hilton Food Group from GBX 790 to GBX 810 and gave the company a “buy” rating in a research note on Monday, September 7th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 717.50.

Hilton Food Group Price Performance

The company has a current ratio of 1.28, a quick ratio of 0.88 and a debt-to-equity ratio of 157.02. The business’s fifty day moving average is GBX 694.77 and its 200 day moving average is GBX 572.44. The company has a market cap of £668.37 million, a P/E ratio of 13.04, a PEG ratio of 17.31 and a beta of 0.75.

Hilton Food Group (LON:HFG) last announced its quarterly earnings results on Thursday, September 3rd. The company reported GBX 25.70 EPS for the quarter. Hilton Food Group had a net margin of 0.47% and a return on equity of 5.91%. As a group, sell-side analysts anticipate that Hilton Food Group plc will post 62.33 EPS for the current year.

Insiders Place Their Bets

In other news, insider Mark Allen bought 14,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was bought at an average price of GBX 682 per share, for a total transaction of £98,890. Also, insider Matt Osborne acquired 12,008 shares of Hilton Food Group stock in a transaction dated Friday, September 11th. The shares were bought at an average cost of GBX 666 per share, for a total transaction of £79,973.28. 4.41% of the stock is 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.