Hilton Food Group (LON:HFG) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Hilton Food Group plc (LON:HFG) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 513.33 and traded as high as GBX 543.50. Hilton Food Group shares last traded at GBX 531, with a volume of 340,442 shares trading hands.

Analyst Ratings Changes

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

Hilton Food Group Stock Down 1.2%

The firm has a fifty day moving average price of GBX 531.50 and a 200 day moving average price of GBX 513.33. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 129.90. The company has a market cap of £477.67 million, a P/E ratio of 6.08, a PEG ratio of 17.31 and a beta of 0.74.

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

Insiders Place Their Bets

In other Hilton Food Group news, insider Bindi Foyle  bought 3,761 shares of Hilton Food Group stock in a transaction dated Wednesday, April 15th. The stock was bought at an average cost of GBX 529 per share, for a total transaction of £19,895.69. 4.33% of the stock is currently 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.