Royal Bank Of Canada Lowers Hilton Food Group (LON:HFG) Price Target to GBX 540

Hilton Food Group (LON:HFG) had its price objective cut by equities researchers at Royal Bank Of Canada from GBX 750 to GBX 540 in a report released on Wednesday,London Stock Exchange reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 8.43% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Berenberg Bank cut their target price on 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. Shore Capital reiterated a “house stock” rating on shares of Hilton Food Group in a research note on Tuesday. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Hilton Food Group presently has an average rating of “Moderate Buy” and an average target price of GBX 815.

Hilton Food Group Stock Up 0.5%

Shares of Hilton Food Group stock traded up GBX 2.50 during trading on Wednesday, hitting GBX 498. 21,059,082 shares of the stock were exchanged, compared to its average volume of 571,131. The company has a debt-to-equity ratio of 148.82, a current ratio of 1.11 and a quick ratio of 0.88. The firm’s 50-day moving average price is GBX 657.66 and its 200 day moving average price is GBX 789.82. The stock has a market cap of £447.73 million, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 17.31 and a beta of 0.57. Hilton Food Group has a 12-month low of GBX 480 and a 12-month high of GBX 966.

Hilton Food Group (LON:HFG) last posted its quarterly earnings results on Wednesday, September 3rd. The company reported GBX 26.50 earnings per share for the quarter. Hilton Food Group had a return on equity of 15.15% and a net margin of 1.22%. As a group, analysts forecast that Hilton Food Group will post 62.3340321 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Steve Murrells acquired 12,049 shares of Hilton Food Group stock in a transaction on Tuesday, September 30th. The stock was bought at an average price of GBX 659 per share, for a total transaction of £79,402.91. Corporate insiders own 4.34% of the company’s stock.

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.