Hilton Food Group (LON:HFG) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Hilton Food Group plc (LON:HFG)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 515.01 and traded as high as GBX 516.50. Hilton Food Group shares last traded at GBX 516.50, with a volume of 146,427 shares.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on HFG shares. 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. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 815 target price on shares of Hilton Food Group in a research note on Wednesday, May 20th. Finally, Shore Capital Group reiterated a “house stock” rating on shares of Hilton Food Group in a research report on Tuesday, June 16th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Hilton Food Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 703.75.

Hilton Food Group Price Performance

The firm has a market capitalization of £464.62 million, a P/E ratio of 5.92, a PEG ratio of 17.31 and a beta of 0.74. The business’s 50-day simple moving average is GBX 528.85 and its 200 day simple moving average is GBX 515.01. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 129.90.

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. The business had revenue of GBX 421.46 billion during the quarter. Hilton Food Group had a net margin of 1.14% and a return on equity of 14.17%. Sell-side analysts forecast that Hilton Food Group plc will post 62.3340321 earnings per share for the current 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 that occurred on Wednesday, April 15th. The shares were bought at an average cost of GBX 529 per share, with a total value of £19,895.69. 4.33% of the stock is currently owned by company insiders.

About Hilton Food Group

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.