Hilton Food Group (LON:HFG) Trading Down 22.7% After Analyst Downgrade

Shares of Hilton Food Group plc (LON:HFG) traded down 22.7% on Wednesday after Berenberg Bank lowered their price target on the stock from GBX 1,090 to GBX 790. Berenberg Bank currently has a buy rating on the stock. Hilton Food Group traded as low as GBX 480 and last traded at GBX 495.50. 3,336,975 shares changed hands during trading, an increase of 599% from the average session volume of 477,579 shares. The stock had previously closed at GBX 641.

A number of other brokerages have also recently commented on HFG. Shore Capital reissued a “house stock” rating on shares of Hilton Food Group in a research note on Tuesday. Royal Bank Of Canada dropped their price target on Hilton Food Group from GBX 750 to GBX 540 and set a “sector perform” rating for the company in a research report 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 data from MarketBeat, Hilton Food Group currently has a consensus rating of “Moderate Buy” and an average price target of GBX 665.

Insider Buying and Selling

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

Hilton Food Group Stock Performance

The firm’s fifty day moving average price is GBX 650.30 and its 200 day moving average price is GBX 785.69. The firm has a market cap of £434.24 million, a P/E ratio of 11.23, a price-to-earnings-growth ratio of 17.31 and a beta of 0.57. 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 issued its quarterly earnings data on Wednesday, September 3rd. The company reported GBX 26.50 earnings per share (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 expect that Hilton Food Group plc will post 62.3340321 EPS for the current fiscal year.

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.