Hilton Food Group (LON:HFG) Shares Down 10.2% – Should You Sell?

Hilton Food Group plc (LON:HFG)’s share price fell 10.2% during mid-day trading on Thursday . The stock traded as low as GBX 457.50 and last traded at GBX 461.37. 1,298,644 shares changed hands during trading, an increase of 198% from the average session volume of 435,645 shares. The stock had previously closed at GBX 514.

Wall Street Analyst Weigh In

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

Hilton Food Group Stock 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 stock has a market cap of £414.25 million, a PE ratio of 10.71, a P/E/G ratio of 17.31 and a beta of 0.57. The business’s 50-day moving average price is GBX 500.97 and its 200-day moving average price is GBX 644.46.

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.