Hilton Food Group (LON:HFG) Share Price Breaks Above 200 Day Moving Average - Here's Why

Key Points

• Hilton Food Group shares broke above their 200-day moving average, reaching GBX 725.50 before last trading at GBX 713.50, compared with a 200-day average of GBX 575.23.
• Analyst sentiment is broadly positive: the stock has a consensus “Moderate Buy” rating, with Berenberg and Deutsche Bank raising their price targets to GBX 810 and GBX 850, respectively.
• Company insiders recently bought shares worth nearly £179,000 combined, while Hilton reported quarterly EPS of GBX 25.70; however, profitability remained modest, with a 0.47% net margin.

Hilton Food Group plc (LON:HFG - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of GBX 575.23 and traded as high as GBX 725.50. Hilton Food Group shares last traded at GBX 713.50, with a volume of 116,814 shares.

Wall Street Analysts Forecast Growth

HFG has been the topic of several recent analyst reports. Berenberg Bank boosted their target price on shares of Hilton Food Group from GBX 790 to GBX 810 and gave the company a "buy" rating in a research note on Monday, September 7th. Shore Capital Group reaffirmed a "house stock" rating on shares of Hilton Food Group in a report on Thursday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Hilton Food Group from GBX 815 to GBX 850 and gave the stock a "buy" rating in a research report on Friday, September 4th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of GBX 717.50.

Hilton Food Group Stock Performance

The firm's 50-day moving average price is GBX 660.70 and its 200 day moving average price is GBX 575.23. The company has a debt-to-equity ratio of 157.02, a quick ratio of 0.88 and a current ratio of 1.28. The company has a market cap of £641.84 million, a price-to-earnings ratio of 12.52, a PEG ratio of 17.31 and a beta of 0.75.

Hilton Food Group (LON:HFG - Get Free Report) last announced its quarterly earnings data on Thursday, September 3rd. The company reported GBX 25.70 earnings per share for the quarter. Hilton Food Group had a net margin of 0.47% and a return on equity of 5.91%. On average, sell-side analysts anticipate that Hilton Food Group plc will post 62.33 EPS for the current year.

Insider Buying and Selling at Hilton Food Group

In related news, insider Mark Allen purchased 14,500 shares of the business's stock in a transaction dated Tuesday, September 15th. The shares were bought at an average price of GBX 682 per share, with a total value of £98,890. Also, insider Matt Osborne purchased 12,008 shares of the business's stock in a transaction dated Friday, September 11th. The stock was bought at an average cost of GBX 666 per share, for a total transaction of £79,973.28. Insiders own 4.41% of the company's stock.

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. We also offer a range of supply chain service expertise and solutions through our investment in innovative, leading technology such as Foods Connected, Agito Group and Cellular Agriculture Ltd. We are a business of over 7,000 employees, operating from 24 technologically advanced food processing, packing and logistics facilities across 19 markets in Europe, Asia Pacific and North America.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.