Hilton Food Group (LON:HFG) Shares Pass Above 200-Day Moving Average – Time to Sell?

Shares of Hilton Food Group plc (LON:HFG) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 519.31 and traded as high as GBX 555. Hilton Food Group shares last traded at GBX 551, with a volume of 89,759 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HFG. Berenberg Bank increased their price objective on Hilton Food Group from GBX 740 to GBX 790 and gave the company a “buy” rating in a research note on Wednesday, April 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 815 target price on shares of Hilton Food Group in a research note on Wednesday, May 20th. Finally, Shore Capital Group reiterated a “house stock” rating on shares of Hilton Food Group in a report on Tuesday, June 16th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 703.75.

Hilton Food Group Stock Up 0.5%

The company has a market capitalization of £495.66 million, a P/E ratio of 6.31, a PEG ratio of 17.31 and a beta of 0.73. The company has a debt-to-equity ratio of 129.90, a current ratio of 1.10 and a quick ratio of 0.88. The company has a 50 day moving average of GBX 528.85 and a 200-day moving average of GBX 519.31.

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.