Hilton Food Group (LON:HFG) Stock Price Down 10.7% – What’s Next?

Shares of Hilton Food Group plc (LON:HFG) traded down 10.7% during trading on Thursday . The company traded as low as GBX 453.50 and last traded at GBX 458.91. 1,641,299 shares traded hands during mid-day trading, an increase of 262% from the average session volume of 452,778 shares. The stock had previously closed at GBX 514.

Wall Street Analysts Forecast Growth

HFG has been the topic of several recent research reports. Royal Bank Of Canada cut their price target on Hilton Food Group from GBX 750 to GBX 540 and set a “sector perform” rating on the stock in a report on Wednesday, November 12th. 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. Shore Capital restated a “house stock” rating on shares of Hilton Food Group in a research report on Tuesday, November 25th. Finally, Peel Hunt reiterated a “hold” rating and issued a GBX 670 price objective on shares of Hilton Food Group in a research report on Tuesday, November 25th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of GBX 666.67.

Hilton Food Group Stock Performance

The company has a market cap of £408.85 million, a P/E ratio of 10.57, a PEG ratio of 17.31 and a beta of 0.57. The company has a quick ratio of 0.88, a current ratio of 1.11 and a debt-to-equity ratio of 148.82. The company has a 50 day moving average price of GBX 500.97 and a 200-day moving average price of 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.