Hilton Food Group (LON:HFG) Stock Price Down 10.8% – What’s Next?

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HFG. Berenberg Bank lowered 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 report on Wednesday, November 12th. Shore Capital reiterated a “house stock” rating on shares of Hilton Food Group in a research note on Tuesday, November 25th. Peel Hunt restated a “hold” rating and issued a GBX 670 price target on shares of Hilton Food Group in a research note on Tuesday, November 25th. Finally, Royal Bank Of Canada cut their price objective 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. 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 MarketBeat, the company has an average rating of “Hold” and a consensus target price of GBX 666.67.

Hilton Food Group Stock Performance

The company has a market cap of £412.65 million, a P/E ratio of 10.67, a PEG ratio of 17.31 and a beta of 0.57. The business’s 50 day simple moving average is GBX 500.97 and its 200 day simple moving average is GBX 644.46. The company has a current ratio of 1.11, a quick ratio of 0.88 and a debt-to-equity ratio of 148.82.

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.