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

Key Points

• Hilton Food Group's stock fell by 17.4%, closing at GBX 679 ($9.09) after trading as low as GBX 659 ($8.83), with a substantial increase in trading volume of 1,035% compared to its average.
• Despite the decline in stock price, two analysts rate the stock as a Buy and one as a Hold, positioning it with a consensus rating of "Moderate Buy" and a target price of GBX 1,091.67.
• In the most recent quarter, Hilton Food Group reported earnings per share (EPS) of GBX 26.50, with analysts predicting an EPS of around 62.33 for the current year.

Hilton Food Group plc (LON:HFG - Get Free Report)'s share price was down 17.4% during mid-day trading on Wednesday . The company 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).

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on HFG shares. Shore Capital reaffirmed a "house stock" rating on shares of Hilton Food Group in a research report on Wednesday. Royal Bank Of Canada decreased their target price on 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 equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of GBX 935.

Hilton Food Group Trading Up 2.2%

The company has a market capitalization of £620.34 million, a price-to-earnings ratio of 1,604.65, a price-to-earnings-growth ratio of 17.31 and a beta of 0.57. The business has a fifty day moving average price of GBX 842.60 and a 200 day moving average price of GBX 856.64. The company has a debt-to-equity ratio of 148.82, a current ratio of 1.11 and a quick ratio of 0.88.

Hilton Food Group (LON:HFG - Get Free Report) last issued its earnings results on Wednesday, September 3rd. The company reported GBX 26.50 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 EPS for the current fiscal 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.