Hilton Food Group (LON:HFG) Share Price Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• Hilton Food Group shares crossed above their 200-day moving average, reaching GBX 717 before closing at GBX 705, well above the GBX 566.85 long-term average.
• Analyst sentiment is positive, with Berenberg and Deutsche Bank raising their price targets to GBX 810 and GBX 850, respectively. The stock has a consensus rating of “Moderate Buy” and an average target of GBX 717.50.
• Company insiders recently bought shares totaling nearly £179,000, while Hilton Food Group reported quarterly EPS of GBX 25.70. However, profitability remained modest, with a net margin of 0.47% and return on equity of 5.91%.

Hilton Food Group plc (LON:HFG - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 566.85 and traded as high as GBX 717. Hilton Food Group shares last traded at GBX 705, with a volume of 22,493,436 shares.

Analysts Set New Price Targets

HFG has been the subject of several analyst reports. Berenberg Bank upped their price objective on Hilton Food Group from GBX 790 to GBX 810 and gave the company a "buy" rating in a research note on Monday, September 7th. 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. Finally, Shore Capital Group reissued a "house stock" rating on shares of Hilton Food Group in a research note on Thursday, September 3rd. Two equities research 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 company has an average rating of "Moderate Buy" and a consensus target price of GBX 717.50.

Hilton Food Group Stock Performance

The company has a current ratio of 1.28, a quick ratio of 0.88 and a debt-to-equity ratio of 157.02. The stock's 50 day moving average is GBX 643.82 and its 200 day moving average is GBX 566.85. The stock has a market capitalization of £634.19 million, a price-to-earnings ratio of 12.37, a PEG ratio of 17.31 and a beta of 0.75.

Hilton Food Group (LON:HFG - Get Free Report) last announced its earnings results on Thursday, September 3rd. The company reported GBX 25.70 earnings per share (EPS) for the quarter. Hilton Food Group had a net margin of 0.47% and a return on equity of 5.91%. On average, analysts predict that Hilton Food Group plc will post 62.3340321 earnings per share for the current year.

Insider Activity at Hilton Food Group

In related news, insider Mark Allen bought 14,500 shares of the stock in a transaction on Tuesday, September 15th. The shares were purchased at an average price of GBX 682 per share, for a total transaction of £98,890. Also, insider Matt Osborne purchased 12,008 shares of the company's stock in a transaction on Friday, September 11th. The shares were bought at an average cost of GBX 666 per share, with a total value of £79,973.28. Insiders own 4.33% 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.

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