Hilton Food Group (LON:HFG) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Hilton Food Group plc (LON:HFG)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 513.19 and traded as high as GBX 556.50. Hilton Food Group shares last traded at GBX 551.50, with a volume of 463,924 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have issued reports on HFG. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 815 price objective on shares of Hilton Food Group in a research note on Wednesday, May 20th. Shore Capital Group restated a “house stock” rating on shares of Hilton Food Group in a research note on Tuesday, May 19th. Finally, Berenberg Bank upped their price objective on Hilton Food Group from GBX 740 to GBX 790 and gave the company a “buy” rating in a research note on Wednesday, April 1st. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 703.75.

Hilton Food Group Price Performance

The firm has a market cap of £496.11 million, a price-to-earnings ratio of 6.32, a P/E/G ratio of 17.31 and a beta of 0.75. The company has a debt-to-equity ratio of 129.90, a current ratio of 1.10 and a quick ratio of 0.88. The stock has a 50-day moving average of GBX 526.60 and a 200-day moving average of GBX 513.19.

Hilton Food Group (LON:HFG) last issued its quarterly earnings results on Tuesday, March 31st. The company reported GBX 52.70 earnings per share (EPS) for the quarter. The business had revenue of GBX 421.46 billion for the quarter. Hilton Food Group had a return on equity of 14.17% and a net margin of 1.14%. Sell-side analysts predict that Hilton Food Group plc will post 62.3340321 EPS for the current fiscal year.

Insider Transactions at Hilton Food Group

In other Hilton Food Group news, insider Bindi Foyle  bought 3,761 shares of the business’s stock in a transaction on Wednesday, April 15th. The stock was purchased at an average cost of GBX 529 per share, for a total transaction of £19,895.69. 4.37% of the stock is owned by corporate 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.