Hilton Food Group (LON:HFG) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Hilton Food Group plc (LON:HFG) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 517.30 and traded as high as GBX 551.50. Hilton Food Group shares last traded at GBX 548.50, with a volume of 151,903 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Berenberg Bank lifted their target price on shares of Hilton Food Group from GBX 740 to GBX 790 and gave the company a “buy” rating in a research report on Wednesday, April 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 815 price target on shares of Hilton Food Group in a research report on Wednesday, May 20th. Finally, Shore Capital Group reaffirmed a “house stock” rating on shares of Hilton Food Group in a research note on Tuesday, June 16th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 703.75.

Hilton Food Group Price Performance

The stock’s 50-day moving average price is GBX 527.38 and its 200 day moving average price is GBX 517.30. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 129.90. The firm has a market capitalization of £493.41 million, a price-to-earnings ratio of 6.28, a PEG ratio of 17.31 and a beta of 0.73.

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.