Hilton Food Group (LON:HFG) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Shares of Hilton Food Group plc (LON:HFG) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 517.30 and traded as high as GBX 551.50. Hilton Food Group shares last traded at GBX 548.50, with a volume of 151,903 shares changing hands.

Analysts Set New Price Targets

Several analysts have issued reports on HFG shares. Shore Capital Group restated a “house stock” rating on shares of Hilton Food Group in a report on Tuesday, June 16th. Berenberg Bank boosted their price target on shares of Hilton Food Group from GBX 740 to GBX 790 and gave the company a “buy” rating in a research report on Wednesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 815 price objective on shares of Hilton Food Group in a report on Wednesday, May 20th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Hilton Food Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 703.75.

Hilton Food Group Price Performance

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 £493.41 million, a PE ratio of 6.28, a P/E/G ratio of 17.31 and a beta of 0.73. The stock has a 50-day simple moving average of GBX 527.38 and a 200 day simple moving average of GBX 517.30.

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.