Hilton Food Group (LON:HFG) Sets New 52-Week Low After Analyst Downgrade

Key Points

• Hilton Food Group's shares hit a new 52-week low of GBX 659 ($8.92), with recent trading volume at 866,573 shares.
• The Royal Bank of Canada downgraded its price target for the stock from GBX 1,050 to GBX 750, rating it as "sector perform."
• Despite recent struggles, the stock has an average rating of "Moderate Buy," with a consensus target price of GBX 935.

Hilton Food Group plc (LON:HFG - Get Free Report) shares reached a new 52-week low during mid-day trading on Wednesday after Berenberg Bank lowered their price target on the stock from GBX 1,120 to GBX 1,100. Berenberg Bank currently has a buy rating on the stock. Hilton Food Group traded as low as GBX 659 ($8.94) and last traded at GBX 659 ($8.94), with a volume of 866573 shares. The stock had previously closed at GBX 670 ($9.09).

Several other brokerages also recently issued reports on HFG. Shore Capital reaffirmed a "house stock" rating on shares of Hilton Food Group in a research report on Wednesday, September 3rd. Royal Bank Of Canada lowered their price objective on shares of Hilton Food Group from GBX 1,050 to GBX 750 and set a "sector perform" rating for the company in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of GBX 925.

Hilton Food Group Price Performance

The company has a debt-to-equity ratio of 148.82, a current ratio of 1.11 and a quick ratio of 0.88. The firm has a market cap of £593.37 million, a price-to-earnings ratio of 1,534.88, a P/E/G ratio of 17.31 and a beta of 0.57. The business's 50-day moving average price is GBX 818.32 and its two-hundred day moving average price is GBX 847.63.

Hilton Food Group (LON:HFG - Get Free Report) last released its quarterly 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%. On average, research analysts forecast that Hilton Food Group plc will post 62.3340321 EPS for the current fiscal 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.