Hilton Food Group (LON:HFG) Stock Price Down 16.9% on Analyst Downgrade

Key Points

• Hilton Food Group's shares fell by 16.9% during mid-day trading, reaching a low of GBX 659 ($8.83) after closing at GBX 822 ($11.01) the previous day.
• The stock now has an average rating of "Moderate Buy" from analysts, with a consensus target price of GBX 1,091.67, despite the recent drop in share price.
• In its latest quarterly results, Hilton Food Group reported an earnings per share (EPS) of GBX 26.50 and a net margin of 1.22% for the period ending September 3rd.

Hilton Food Group plc (LON:HFG - Get Free Report)'s share price dropped 16.9% during trading on Wednesday after Royal Bank Of Canada lowered their price target on the stock from GBX 1,050 to GBX 750. Royal Bank Of Canada currently has a sector perform rating on the stock. Hilton Food Group traded as low as GBX 659 ($8.90) and last traded at GBX 683 ($9.22). Approximately 3,130,243 shares traded hands during trading, an increase of 906% from the average daily volume of 311,273 shares. The stock had previously closed at GBX 822 ($11.10).

Separately, Shore Capital restated a "house stock" rating on shares of Hilton Food Group in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Hilton Food Group presently has an average rating of "Moderate Buy" and an average price target of GBX 935.

Hilton Food Group Price Performance

The firm has a market cap of £620.34 million, a P/E ratio of 1,604.65, a price-to-earnings-growth ratio of 17.31 and a beta of 0.57. The company has a current ratio of 1.11, a quick ratio of 0.88 and a debt-to-equity ratio of 148.82. The business has a 50-day moving average of GBX 838.86 and a two-hundred day moving average of GBX 855.07.

Hilton Food Group (LON:HFG - Get Free Report) last released its quarterly 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%. On average, sell-side analysts anticipate that Hilton Food Group plc will post 62.3340321 earnings per share 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.