Hilton Food Group (LON:HFG) Shares Down 17.4% After Analyst Downgrade

Hilton Food Group plc (LON:HFG)’s share price traded down 17.4% during mid-day trading on Wednesday after Royal Bank Of Canada lowered their price target on the stock from GBX 1,050 to GBX 750. Royal Bank Of Canada currently has a sector perform rating on the stock. Hilton Food Group traded as low as GBX 659 ($8.85) and last traded at GBX 679 ($9.12). 3,561,642 shares traded hands during mid-day trading, an increase of 1,035% from the average session volume of 313,876 shares. The stock had previously closed at GBX 822 ($11.04).

Separately, Shore Capital reiterated a “house stock” rating on shares of Hilton Food Group in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Hilton Food Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 935.

Hilton Food Group Trading Down 0.6%

The firm has a market cap of £606.86 million, a price-to-earnings ratio of 1,569.77, a price-to-earnings-growth ratio of 17.31 and a beta of 0.57. The business’s 50 day moving average price is GBX 842.60 and its 200-day moving average price is GBX 856.64. The company has a debt-to-equity ratio of 148.82, a quick ratio of 0.88 and a current ratio of 1.11.

Hilton Food Group (LON:HFG) last issued its earnings results on Wednesday, September 3rd. The company reported GBX 26.50 earnings per share for the quarter. Hilton Food Group had a net margin of 1.22% and a return on equity of 15.15%. Equities analysts expect that Hilton Food Group plc will post 62.3340321 EPS for the current year.

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.