Hilton Food Group (LON:HFG) Shares Down 17.4% - Should You Sell?

Key Points

• Hilton Food Group plc saw a significant drop in share price, down 17.4% to as low as GBX 659, following a notable increase in trading volume.
• Despite the downturn, analysts maintain a consensus rating of "Moderate Buy" for the stock, with an average price target of GBX 1,091.67.
• The company reported a quarterly EPS of GBX 26.50 and has a market cap of £610.45 million, alongside a high price-to-earnings ratio of 1,568.13.

Hilton Food Group plc (LON:HFG - Get Free Report) was down 17.4% on Wednesday . The company traded as low as GBX 659 ($8.86) and last traded at GBX 679 ($9.13). 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 ($11.05).

Analyst Upgrades and Downgrades

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

Hilton Food Group Stock Down 17.4%

The firm has a market cap of £610.45 million, a price-to-earnings ratio of 1,568.13, a PEG ratio of 17.31 and a beta of 0.57. The business has a fifty day simple moving average of GBX 846.20 and a 200 day simple moving average of GBX 858.11. 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 issued 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%. As a group, equities analysts forecast that Hilton Food Group plc will post 62.3340321 EPS 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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