Hilton Food Group (LON:HFG) Shares Down 10.8% – Here’s Why

Hilton Food Group plc (LON:HFG) shares fell 10.8% during trading on Thursday . The company traded as low as GBX 447.89 and last traded at GBX 458.72. 26,305,262 shares traded hands during trading, an increase of 1,460% from the average session volume of 1,685,976 shares. The stock had previously closed at GBX 514.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HFG. Peel Hunt reiterated a “hold” rating and set a GBX 670 price target on shares of Hilton Food Group in a research note on Tuesday, November 25th. Shore Capital restated a “house stock” rating on shares of Hilton Food Group in a research note on Tuesday, November 25th. Berenberg Bank dropped their price objective on shares of Hilton Food Group from GBX 1,090 to GBX 790 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Finally, Royal Bank Of Canada dropped their price target on shares of Hilton Food Group from GBX 750 to GBX 540 and set a “sector perform” rating on the stock in a research note on Wednesday, November 12th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Hilton Food Group presently has a consensus rating of “Hold” and an average target price of GBX 666.67.

Hilton Food Group Price Performance

The stock has a market cap of £412.65 million, a price-to-earnings ratio of 10.67, a PEG ratio of 17.31 and a beta of 0.57. The company’s 50 day moving average is GBX 500.54 and its 200 day moving average is GBX 643.17. The company has a debt-to-equity ratio of 148.82, a current ratio of 1.11 and a quick ratio of 0.88.

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.