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

Key Points

• Hilton Food Group's stock plummeted 17.4% to a low of GBX 659 ($8.83) during mid-day trading, substantially increasing trading volume by 1,016% compared to its average daily volume.
• Analysts maintain a Moderate Buy rating on the stock, with a consensus price target of approximately GBX 1,091.67, despite recent declines.
• The company reported GBX 26.50 earnings per share for the latest quarter, with expectations of posting around 62.33 EPS for the current year.

Hilton Food Group plc (LON:HFG - Get Free Report)'s stock price dropped 17.4% during mid-day trading on Wednesday . The stock traded as low as GBX 659 ($8.85) and last traded at GBX 679 ($9.12). Approximately 3,561,642 shares were traded during trading, an increase of 1,035% from the average daily volume of 313,876 shares. The stock had previously closed at GBX 822 ($11.04).

Analyst Ratings Changes

Several brokerages have commented on HFG. Shore Capital reiterated a "house stock" rating on shares of Hilton Food Group in a research report on Wednesday. Royal Bank Of Canada dropped their target price on shares of Hilton Food Group from GBX 1,050 to GBX 750 and set a "sector perform" rating for the company in a research report on Wednesday. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of GBX 935.

Hilton Food Group Stock Performance

The stock has a fifty day simple moving average of GBX 842.60 and a 200-day simple moving average of GBX 856.64. The stock has a market cap of £620.34 million, a P/E ratio of 1,604.65, a PEG ratio of 17.31 and a beta of 0.57. The company has a debt-to-equity ratio of 148.82, a quick ratio of 0.88 and a current ratio of 1.11.

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 (EPS) for the quarter. Hilton Food Group had a return on equity of 15.15% and a net margin of 1.22%. On average, equities analysts expect 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.