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

Key Points

• Hilton Food Group's stock price has declined by 17.4%, trading as low as GBX 659 ($8.83) and closing at GBX 679 ($9.09) after significant trading volume increases.
• The company maintains a Moderate Buy rating from analysts, with an average price target of GBX 1,091.67, despite the recent stock drop.
• Hilton Food Group reported a net margin of 1.22% and anticipates earnings per share of approximately 62.33 for the current fiscal year.

Hilton Food Group plc (LON:HFG - Get Free Report)'s stock price traded down 17.4% on Wednesday . The company traded as low as GBX 659 ($8.83) and last traded at GBX 679 ($9.09). 3,561,642 shares were traded during mid-day trading, an increase of 1,035% from the average session volume of 313,876 shares. The stock had previously closed at GBX 822 ($11.01).

Analysts Set New Price Targets

Separately, Shore Capital reissued a "house stock" rating on shares of Hilton Food Group in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently 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 company has a debt-to-equity ratio of 148.82, a current ratio of 1.11 and a quick ratio of 0.88. The stock has a market cap of £610.45 million, a price-to-earnings ratio of 1,568.13, a price-to-earnings-growth ratio of 17.31 and a beta of 0.57. The firm's 50-day moving average is GBX 849.42 and its 200 day moving average is GBX 859.36.

Hilton Food Group (LON:HFG - Get Free Report) last announced its quarterly earnings data on Wednesday, September 3rd. The company reported GBX 26.50 earnings per share (EPS) for the quarter. Hilton Food Group had a net margin of 1.22% and a return on equity of 15.15%. Sell-side 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.

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