Hilton Food Group (LON:HFG) Stock Price Crosses Above 200-Day Moving Average - What's Next?

Key Points

• Hilton Food Group shares moved above their 200-day moving average, reaching GBX 704 before closing at GBX 691 on trading volume of about 1.7 million shares.
• Analyst sentiment is positive, with an average rating of “Moderate Buy” and a consensus target of GBX 717.50; Deutsche Bank and Berenberg recently raised their targets to GBX 850 and GBX 810, respectively.
• Company insiders purchased additional shares worth nearly £179,000 in September, while the business reported quarterly EPS of GBX 25.70 and maintains a market capitalization of approximately £621.6 million.

Hilton Food Group plc (LON:HFG - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 558.20 and traded as high as GBX 704. Hilton Food Group shares last traded at GBX 691, with a volume of 1,702,926 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised 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. Berenberg Bank boosted their price target on Hilton Food Group from GBX 790 to GBX 810 and gave the company a "buy" rating in a report on Monday, September 7th. Finally, Shore Capital Group reissued a "house stock" rating on shares of Hilton Food Group in a research note on Thursday, September 3rd. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of GBX 717.50.

Hilton Food Group Trading Down 1.5%

The stock's 50 day moving average is GBX 624.27 and its two-hundred day moving average is GBX 558.20. The company has a market capitalization of £621.60 million, a PE ratio of 12.12, a price-to-earnings-growth ratio of 17.31 and a beta of 0.75. The company has a quick ratio of 0.88, a current ratio of 1.28 and a debt-to-equity ratio of 157.02.

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

Insider Buying and Selling

In other Hilton Food Group news, insider Matt Osborne acquired 12,008 shares of the company's stock in a transaction dated Friday, September 11th. The shares were purchased at an average cost of GBX 666 per share, for a total transaction of £79,973.28. Also, insider Mark Allen acquired 14,500 shares of the business's stock in a transaction that occurred on Tuesday, September 15th. The shares were acquired at an average cost of GBX 682 per share, for a total transaction of £98,890. 4.33% of the stock is currently owned by company insiders.

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. 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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