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

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on HFG. Berenberg Bank reduced their price objective on Hilton Food Group from GBX 1,090 to GBX 790 and set a “buy” rating on the stock in a report on Wednesday, November 12th. Shore Capital restated a “house stock” rating on shares of Hilton Food Group in a research report on Tuesday, November 25th. Royal Bank Of Canada lowered their price target on Hilton Food Group from GBX 750 to GBX 540 and set a “sector perform” rating for the company in a report on Wednesday, November 12th. Finally, Peel Hunt reiterated a “hold” rating and issued a GBX 670 price target on shares of Hilton Food Group in a research note on Tuesday, November 25th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of GBX 666.67.

Hilton Food Group Price Performance

The company has a current ratio of 1.11, a quick ratio of 0.88 and a debt-to-equity ratio of 148.82. The company has a 50 day moving average of GBX 500.97 and a 200-day moving average of GBX 644.46. The firm has a market capitalization of £412.65 million, a P/E ratio of 10.67, a P/E/G ratio of 17.31 and a beta of 0.57.

Hilton Food Group Company Profile

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.