Berenberg Bank Has Lowered Expectations for Hilton Food Group (LON:HFG) Stock Price

Hilton Food Group (LON:HFG) had its target price dropped by equities researchers at Berenberg Bank from GBX 1,090 to GBX 790 in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 61.89% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Shore Capital reiterated a “house stock” rating on shares of Hilton Food Group in a report on Tuesday. Royal Bank Of Canada lowered their target price on Hilton Food Group from GBX 750 to GBX 540 and set a “sector perform” rating on the stock in a report on Wednesday. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 665.

Hilton Food Group Trading Down 1.5%

Shares of HFG stock opened at GBX 488 on Wednesday. Hilton Food Group has a fifty-two week low of GBX 480 and a fifty-two week high of GBX 966. The company has a debt-to-equity ratio of 148.82, a quick ratio of 0.88 and a current ratio of 1.11. The stock’s fifty day moving average is GBX 650.30 and its two-hundred day moving average is GBX 785.69. The firm has a market capitalization of £438.74 million, a P/E ratio of 11.35, a PEG ratio of 17.31 and a beta of 0.57.

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

Insider Buying and Selling

In related news, insider Steve Murrells bought 12,049 shares of the firm’s stock in a transaction on Tuesday, September 30th. The shares were bought at an average price of GBX 659 per share, with a total value of £79,402.91. 4.34% of the stock is owned by insiders.

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.