Hilton Food Group (LON:HFG) Shares Down 17.4% - Time to Sell?

Key Points

• Hilton Food Group shares fell by 17.4%, trading as low as GBX 659 ($8.83), with a significant increase in trading volume, reaching over 3.5 million shares.
• Analysts maintain a consensus rating of "Moderate Buy" for Hilton Food Group, with two analysts recommending a buy and a price target of GBX 1,091.67.
• The company reported an earnings per share of GBX 26.50 for the last quarter, with expectations of 62.33 earnings per share for the current year.

Shares of Hilton Food Group plc (LON:HFG - Get Free Report) were down 17.4% during mid-day trading on Wednesday . The stock traded as low as GBX 659 ($8.83) and last traded at GBX 679 ($9.09). Approximately 3,561,642 shares changed 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 ($11.01).

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a "house stock" rating on shares of Hilton Food Group in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of GBX 1,091.67.

Hilton Food Group Stock Down 17.4%

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 has a market capitalization of £610.45 million, a P/E ratio of 1,568.13, a PEG ratio of 17.31 and a beta of 0.57. The firm's fifty day moving average price is GBX 849.42 and its 200-day moving average price is GBX 859.36.

Hilton Food Group (LON:HFG - Get Free Report) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported GBX 26.50 earnings per share 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 research analysts forecast 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.

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