Royal Bank Of Canada Has Lowered Expectations for Hilton Food Group (LON:HFG) Stock Price

Key Points

• Royal Bank of Canada has reduced its price target for Hilton Food Group from GBX 1,050 to GBX 750, indicating a potential upside of 9.65% based on current prices.
• Shore Capital reaffirmed its "house stock" rating on Hilton Food Group, which currently has an average rating of "Moderate Buy" among analysts.
• Hilton Food Group's stock opened at GBX 684 and reported earnings of GBX 26.50 per share in its last quarterly results.

Hilton Food Group (LON:HFG - Free Report) had its price target lowered by Royal Bank Of Canada from GBX 1,050 to GBX 750 in a research note issued to investors on Wednesday, MarketBeat reports. The brokerage currently has a sector perform rating on the stock.

Separately, Shore Capital reiterated a "house stock" rating on shares of Hilton Food Group in a research report on Wednesday. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of GBX 935.

Hilton Food Group Stock Performance

HFG stock traded up GBX 15 during trading on Wednesday, reaching GBX 690. The stock had a trading volume of 27,727,219 shares, compared to its average volume of 477,766. Hilton Food Group has a 52 week low of GBX 659 and a 52 week high of GBX 969. The stock's 50 day moving average is GBX 838.86 and its two-hundred day moving average is GBX 855.07. The company has a current ratio of 1.11, a quick ratio of 0.88 and a debt-to-equity ratio of 148.82. The firm has a market cap of £620.34 million, a PE ratio of 1,604.65, a PEG ratio of 17.31 and a beta of 0.57.

Hilton Food Group (LON:HFG - Get Free Report) last posted its quarterly earnings data 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%. As a group, equities analysts anticipate that Hilton Food Group will post 62.3340321 earnings per share for the current 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.