Hilton Food Group (LON:HFG) Shares Down 23.9% – Here’s What Happened

Hilton Food Group plc (LON:HFG) fell 23.9% on Tuesday . The stock traded as low as GBX 480 and last traded at GBX 487.88. 4,217,333 shares were traded during trading, an increase of 776% from the average session volume of 481,599 shares. The stock had previously closed at GBX 641.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Berenberg Bank reduced their target price on Hilton Food Group from GBX 1,090 to GBX 790 and set a “buy” rating for the company in a report on Wednesday. Shore Capital reissued a “house stock” rating on shares of Hilton Food Group in a research report on Tuesday. Finally, Royal Bank Of Canada reduced their price objective on Hilton Food Group from GBX 750 to GBX 540 and set a “sector perform” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Hilton Food Group presently has an average rating of “Moderate Buy” and an average target price of GBX 665.

Hilton Food Group Stock Performance

The firm has a market cap of £441.43 million, a price-to-earnings ratio of 11.42, a price-to-earnings-growth ratio of 17.31 and a beta of 0.57. The firm’s 50 day moving average is GBX 654.04 and its 200-day moving average is GBX 787.78. The company has a debt-to-equity ratio of 148.82, a quick ratio of 0.88 and a current ratio of 1.11.

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

Insider Buying and Selling at Hilton Food Group

In related news, insider Steve Murrells bought 12,049 shares of Hilton Food Group stock in a transaction that occurred on Tuesday, September 30th. The stock was purchased at an average cost of GBX 659 per share, for a total transaction of £79,402.91. 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.