Hilton Food Group (LON:HFG) Stock Rating Reaffirmed by Royal Bank of Canada

Hilton Food Group (LON:HFGGet Rating)‘s stock had its “outperform” rating reaffirmed by stock analysts at Royal Bank of Canada in a report issued on Wednesday, MarketBeat Ratings reports. They presently have a GBX 1,500 ($18.74) target price on the stock. Royal Bank of Canada’s price target suggests a potential upside of 28.75% from the stock’s previous close.

HFG has been the subject of a number of other research reports. Berenberg Bank lifted their target price on shares of Hilton Food Group from GBX 1,050 ($13.12) to GBX 1,200 ($14.99) and gave the company a “hold” rating in a research note on Wednesday, January 5th. Shore Capital restated a “house stock” rating on shares of Hilton Food Group in a research note on Tuesday. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 1,380 ($17.24) price target on shares of Hilton Food Group in a report on Tuesday, April 12th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Hilton Food Group has an average rating of “Buy” and an average price target of GBX 1,382.50 ($17.27).

HFG stock opened at GBX 1,165.01 ($14.55) on Wednesday. The firm has a 50 day simple moving average of GBX 1,154.50 and a 200 day simple moving average of GBX 1,136.48. Hilton Food Group has a 52 week low of GBX 988 ($12.34) and a 52 week high of GBX 1,290 ($16.11). The stock has a market cap of £1.04 billion and a P/E ratio of 25.76. The company has a debt-to-equity ratio of 214.60, a quick ratio of 0.85 and a current ratio of 1.14.

In related news, insider Philip Heffer sold 48,873 shares of the firm’s stock in a transaction on Friday, April 29th. The shares were sold at an average price of GBX 1,216 ($15.19), for a total value of £594,295.68 ($742,405.60). Also, insider Robert Watson sold 100,000 shares of the business’s stock in a transaction on Monday, April 25th. The stock was sold at an average price of GBX 1,199 ($14.98), for a total transaction of £1,199,000 ($1,497,813.87). In the last three months, insiders have sold 248,873 shares of company stock worth $299,329,568.

Hilton Food Group Company Profile (Get Rating)

Hilton Food Group plc, together with its subsidiaries, engages in the food packing business. The company offers a range of fresh items, such as roasting joints, steaks, chops, and minces. It also provides value-added products comprising barbecue ranges, marinated meats, meat cuts, serving sauces, and ready to cook products.

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