Hilton Food Group (LON:HFG) Stock Price Down 11.7% – What’s Next?

Hilton Food Group plc (LON:HFG) shares fell 11.7% during trading on Thursday . The company traded as low as GBX 451.23 and last traded at GBX 454. 2,194,675 shares changed hands during trading, an increase of 357% from the average session volume of 480,447 shares. The stock had previously closed at GBX 514.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HFG. Peel Hunt reissued a “hold” rating and issued a GBX 670 target price on shares of Hilton Food Group in a report on Tuesday, November 25th. Shore Capital reiterated a “house stock” rating on shares of Hilton Food Group in a research report on Tuesday, November 25th. Royal Bank Of Canada dropped 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, November 12th. Finally, Berenberg Bank reduced their target price 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. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of GBX 666.67.

Hilton Food Group Stock Performance

The stock 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 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 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.