Hilton Food Group (LON:HFG) Share Price Breaks Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Hilton Food Group shares broke above their 200-day moving average, reaching GBX 719.50 and closing at GBX 718, compared with the 200-day average of GBX 585.
• Analyst sentiment is positive, with a consensus “Moderate Buy” rating and an average price target of GBX 717.50; Berenberg and Deutsche Bank raised their targets to GBX 810 and GBX 850, respectively.
• Insiders recently bought shares, including purchases by Mark Allen and Matt Osborne totaling nearly £179,000, while the company reported quarterly EPS of GBX 25.70.

Hilton Food Group plc (LON:HFG - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 585 and traded as high as GBX 719.50. Hilton Food Group shares last traded at GBX 718, with a volume of 478,652 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HFG. Berenberg Bank lifted their price target on Hilton Food Group from GBX 790 to GBX 810 and gave the stock a "buy" rating in a research note on Monday, September 7th. Shore Capital Group reissued a "house stock" rating on shares of Hilton Food Group in a research note on Thursday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Hilton Food Group from GBX 815 to GBX 850 and gave the stock a "buy" rating in a 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of GBX 717.50.

Hilton Food Group Stock Performance

The firm's 50 day moving average is GBX 672.71 and its two-hundred day moving average is GBX 585. 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 stock has a market capitalization of £645.88 million, a PE ratio of 12.60, a P/E/G 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 (EPS) for the quarter. Hilton Food Group had a return on equity of 5.91% and a net margin of 0.47%. As a group, research analysts predict that Hilton Food Group plc will post 62.33 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Mark Allen acquired 14,500 shares of Hilton Food Group stock in a transaction dated Tuesday, September 15th. The shares were acquired at an average cost of GBX 682 per share, for a total transaction of £98,890. Also, insider Matt Osborne purchased 12,008 shares of the business's stock in a transaction on Friday, September 11th. The stock was acquired at an average price of GBX 666 per share, for a total transaction of £79,973.28. 4.41% of the stock is currently owned by company insiders.

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.

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