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

Key Points

• Berenberg Bank has reduced its price target on Hilton Food Group from GBX 1,120 to GBX 1,100, while maintaining a "buy" rating, suggesting a potential upside of 64.42% from the current price.
• Royal Bank of Canada has cut its price target for the stock significantly from GBX 1,050 to GBX 750, indicating a more cautious outlook.
• Hilton Food Group's stock rose by 1.5% and has a twelve-month price range between GBX 658 and GBX 969, with current earnings estimates at GBX 62.33 for the fiscal year.

Hilton Food Group (LON:HFG - Get Free Report) had its price objective reduced by research analysts at Berenberg Bank from GBX 1,120 to GBX 1,100 in a note issued to investors on Wednesday, Marketbeat reports. The firm currently has a "buy" rating on the stock. Berenberg Bank's price objective indicates a potential upside of 64.80% from the company's previous close.

Several other brokerages also recently issued reports on HFG. Shore Capital restated a "house stock" rating on shares of Hilton Food Group in a research report on Wednesday, September 3rd. Royal Bank Of Canada cut 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 investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 925.

Hilton Food Group Stock Performance

LON:HFG traded up GBX 2.49 during mid-day trading on Wednesday, hitting GBX 667.49. The stock had a trading volume of 576,905 shares, compared to its average volume of 482,054. Hilton Food Group has a twelve month low of GBX 657 and a twelve month high of GBX 969. The stock has a market cap of £600.11 million, a price-to-earnings ratio of 1,552.30, a PEG ratio of 17.31 and a beta of 0.57. The company's 50 day simple moving average is GBX 814.52 and its 200 day simple moving average is GBX 845.81. 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 - Get Free Report) last issued its quarterly earnings data 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%. On average, equities research analysts forecast that Hilton Food Group will post 62.3340321 earnings per share 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.