Hilton Food Group (LON:HFG) Stock Price Down 17.4% Following Analyst Downgrade

Key Points

• Hilton Food Group's shares dropped by 17.4% on Thursday, trading as low as GBX 659 ($8.86) from a previous close of GBX 822 ($11.05).
• Despite the decline, Shore Capital reaffirmed a "house stock" rating for Hilton Food Group, which currently has a consensus rating of "Moderate Buy" and a price target of GBX 1,091.67.
• The company reported earnings of GBX 26.50 per share with a net margin of 1.22% and a return on equity of 15.15% for the most recent quarter.

Hilton Food Group plc (LON:HFG - Get Free Report)'s stock price dropped 17.4% during trading on Thursday 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 ($8.89) and last traded at GBX 679 ($9.16). Approximately 3,561,642 shares traded hands during mid-day trading, an increase of 1,035% from the average daily volume of 313,876 shares. The stock had previously closed at GBX 822 ($11.09).

Separately, Shore Capital reaffirmed a "house stock" rating on shares of Hilton Food Group 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. Based on data from MarketBeat, Hilton Food Group has an average rating of "Moderate Buy" and a consensus target price of GBX 935.

Hilton Food Group Trading Down 3.0%

The company has a market cap of £601.46 million, a PE ratio of 1,555.81, a PEG ratio of 17.31 and a beta of 0.57. 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's 50 day moving average is GBX 838.86 and its 200 day moving average is GBX 854.86.

Hilton Food Group (LON:HFG - Get Free Report) last released its quarterly earnings data 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, equities analysts anticipate that Hilton Food Group plc will post 62.3340321 earnings per share for the current 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.