Hilton Food Group (LON:HFG) Stock Price Down 17.4% After Analyst Downgrade

Key Points

• Shares of Hilton Food Group plummeted by 17.4% during mid-day trading, hitting a low of GBX 659 ($8.86) and trading as of the last at GBX 679 ($9.13).
• Despite the recent decline, analysts maintain a consensus rating of "Moderate Buy" with an average price target of GBX 1,091.67, indicating potential recovery ahead.
• The company reported a net margin of 1.22% and a return on equity of 15.15%, suggesting stable profitability metrics despite current stock market pressures.

Hilton Food Group plc (LON:HFG - Get Free Report) shares dropped 17.4% on Wednesday after Royal Bank Of Canada lowered their price target on the stock from GBX 1,050 to GBX 750. Royal Bank Of Canada currently has a sector perform rating on the stock. Hilton Food Group traded as low as GBX 659 ($8.89) and last traded at GBX 679 ($9.16). 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 ($11.09).

Separately, Shore Capital reiterated a "house stock" rating on shares of Hilton Food Group in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of GBX 935.

Hilton Food Group Stock Performance

The firm's 50-day simple moving average is GBX 838.86 and its 200-day simple moving average is GBX 854.86. 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 company has a market capitalization of £601.46 million, a PE ratio of 1,555.81, a PEG ratio of 17.31 and a beta of 0.57.

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