Hilton Food Group (LON:HFG) Shares Down 17.4% - Here's Why

Key Points

• Hilton Food Group's shares fell by 17.4%, trading as low as GBX 659 ($8.86) and closing at GBX 679 ($9.13) during mid-day trading.
• The company has an average analyst rating of "Moderate Buy" with a consensus target price of GBX 1,091.67, despite the recent stock price drop.
• Hilton Food Group reported earnings of GBX 26.50 per share for the quarter, with a net margin of 1.22% and a return on equity of 15.15%.

Shares of Hilton Food Group plc (LON:HFG - Get Free Report) fell 17.4% during mid-day trading on Wednesday . The stock traded as low as GBX 659 ($8.86) and last traded at GBX 679 ($9.13). 3,561,642 shares changed hands during trading, an increase of 1,035% from the average session volume of 313,876 shares. The stock had previously closed at GBX 822 ($11.05).

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a "house stock" rating on shares of Hilton Food Group in a research report on Wednesday. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of GBX 1,091.67.

Hilton Food Group Stock Down 17.4%

The stock's fifty day moving average price is GBX 846.20 and its 200-day moving average price is GBX 858.11. The company has a quick ratio of 0.88, a current ratio of 1.11 and a debt-to-equity ratio of 148.82. The company has a market capitalization of £610.45 million, a price-to-earnings ratio of 1,568.13, a P/E/G ratio of 17.31 and a beta of 0.57.

Hilton Food Group (LON:HFG - Get Free Report) last released its 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, sell-side analysts predict that Hilton Food Group plc 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.

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