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

by · The Cerbat Gem

Hilton Food Group plc (LON:HFGGet Free Report)’s share price dropped 10.8% on Thursday . The company traded as low as GBX 447.89 and last traded at GBX 458.72. Approximately 26,305,262 shares traded hands during trading, an increase of 1,460% from the average daily volume of 1,685,976 shares. The stock had previously closed at GBX 514.

Key Hilton Food Group News

Here are the key news stories impacting Hilton Food Group this week:

Analysts Set New Price Targets

A number of brokerages recently weighed in on HFG. Berenberg Bank decreased their price objective on Hilton Food Group from GBX 1,090 to GBX 790 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Royal Bank Of Canada decreased their price target on shares of Hilton Food Group from GBX 750 to GBX 540 and set a “sector perform” rating for the company 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. Finally, Peel Hunt restated a “hold” rating and issued a GBX 670 target price on shares of Hilton Food Group in a research note on Tuesday, November 25th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of GBX 666.67.

Get Our Latest Report on Hilton Food Group

Hilton Food Group Stock Up 3.1%

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 market capitalization of £422.79 million, a price-to-earnings ratio of 10.93, a P/E/G ratio of 17.31 and a beta of 0.57. The business’s 50-day moving average is GBX 500.10 and its 200-day moving average is GBX 640.57.

About Hilton Food Group

(Get Free Report)

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.

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