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

Key Points

• Hilton Food Group's stock price fell by 17.4% during Wednesday's trading, reaching a low of GBX 659 ($8.83), significantly lower than its previous close at GBX 822 ($11.01).
• The company maintains a Moderate Buy consensus rating from analysts, with a target price set at GBX 1,091.67.
• Hilton Food Group reported a net margin of 1.22% and a return on equity of 15.15% in its latest quarterly earnings.

Hilton Food Group plc (LON:HFG - Get Free Report) was down 17.4% on Wednesday . The stock traded as low as GBX 659 ($8.89) and last traded at GBX 679 ($9.16). Approximately 3,561,642 shares changed hands during trading, an increase of 1,035% from the average daily volume of 313,876 shares. The stock had previously closed at GBX 822 ($11.09).

Wall Street Analyst Weigh In

Several equities analysts have weighed in on HFG shares. Shore Capital restated a "house stock" rating on shares of Hilton Food Group in a report on Wednesday. Royal Bank Of Canada decreased their price objective 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 note on Wednesday. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of GBX 935.

Hilton Food Group Price Performance

The company has a current ratio of 1.11, a quick ratio of 0.88 and a debt-to-equity ratio of 148.82. The stock has a 50 day moving average of GBX 838.86 and a 200-day moving average of GBX 854.86. The stock has a market capitalization of £620.34 million, a P/E ratio of 1,604.65, a price-to-earnings-growth ratio of 17.31 and a beta of 0.57.

Hilton Food Group (LON:HFG - Get Free Report) last issued its 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%. On average, equities research analysts anticipate that Hilton Food Group plc will post 62.3340321 earnings per share for the current fiscal year.

About Hilton Food Group

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.