Numis Securities Ltd Increases Hilton Food Group plc (HFG) Price Target to GBX 766
Hilton Food Group plc (LON:HFG) had its price objective raised by stock analysts at Numis Securities Ltd from GBX 729 ($9.52) to GBX 766 ($10.00) in a research report issued to clients and investors on Tuesday. The brokerage currently has a “buy” rating on the stock. Numis Securities Ltd’s target price would indicate a potential upside of 25.57% from the stock’s current price.
A number of other brokerages have also commented on HFG. Peel Hunt restated a “buy” rating and issued a GBX 650 ($8.48) target price on shares of Hilton Food Group plc in a research note on Wednesday, May 25th. Panmure Gordon restated a “buy” rating and issued a GBX 715 ($9.33) target price on shares of Hilton Food Group plc in a research note on Wednesday, July 13th. Finally, Investec upped their target price on Hilton Food Group plc from GBX 650 ($8.48) to GBX 660 ($8.62) and gave the company a “buy” rating in a research note on Wednesday, September 14th. Six investment analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of GBX 683.20 ($8.92).
Shares of Hilton Food Group plc (LON:HFG) opened at 610.00 on Tuesday. The company’s market capitalization is GBX 446.33 million. The company’s 50 day moving average is GBX 583.15 and its 200-day moving average is GBX 565.03. Hilton Food Group plc has a 52 week low of GBX 455.00 and a 52 week high of GBX 624.50.
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The business also recently declared a dividend, which will be paid on Friday, December 2nd. Shareholders of record on Thursday, November 3rd will be given a GBX 4.60 ($0.06) dividend. This represents a yield of 0.78%. This is a boost from Hilton Food Group plc’s previous dividend of $1.30. The ex-dividend date is Thursday, November 3rd.
In other Hilton Food Group plc news, insider Watson,Robert sold 5,000 shares of the company’s stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of GBX 582 ($7.60), for a total value of £29,100 ($37,984.60).
Hilton Food Group plc Company Profile
Hilton Food Group plc is a United Kingdom-based retail meat packing company. The Company operates through three segments: Western Europe, Central Europe, and Central costs and other. The Western Europe segment covers its businesses in the United Kingdom, Ireland, Holland, Sweden and Denmark. In Central Europe, its meat packing business, based at Tychy in Poland, supplies customers across Central Europe, from Hungary to the Baltics.
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