Berenberg Bank Lowers Hilton Food Group (LON:HFG) Price Target to GBX 1,100

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 target price dropped by analysts at Berenberg Bank from GBX 1,120 to GBX 1,100 in a report issued on Wednesday, MarketBeat Ratings reports. The brokerage currently has a "buy" rating on the stock. Berenberg Bank's price target indicates a potential upside of 66.67% from the company's current price.

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

Hilton Food Group Trading Down 1.0%

Shares of HFG traded down GBX 7 during mid-day trading on Wednesday, reaching GBX 660. 640,958 shares of the company's stock traded hands, compared to its average volume of 482,350. The stock has a market cap of £593.37 million, a P/E ratio of 1,534.88, a P/E/G ratio of 17.31 and a beta of 0.57. The stock's 50-day moving average is GBX 818.32 and its two-hundred day moving average is GBX 847.39. Hilton Food Group has a 12 month low of GBX 657 and a 12 month high of GBX 969. The company has a debt-to-equity ratio of 148.82, a current ratio of 1.11 and a quick ratio of 0.88.

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

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.