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

Shares of Hilton Food Group plc (LON:HFG) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 515.87 and traded as high as GBX 520.50. Hilton Food Group shares last traded at GBX 520, with a volume of 111,114 shares changing hands.

Analysts Set New Price Targets

A number of research firms have commented on HFG. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 815 target price on shares of Hilton Food Group in a report on Wednesday, May 20th. Berenberg Bank raised their price target on Hilton Food Group from GBX 740 to GBX 790 and gave the stock a “buy” rating in a research report on Wednesday, April 1st. Finally, Shore Capital Group reaffirmed a “house stock” rating on shares of Hilton Food Group in a research note on Tuesday, June 16th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 703.75.

Hilton Food Group Stock Up 0.3%

The firm has a market capitalization of £469.12 million, a price-to-earnings ratio of 5.97, a P/E/G ratio of 17.31 and a beta of 0.73. The business’s 50-day moving average is GBX 527.21 and its two-hundred day moving average is GBX 515.91. The company has a debt-to-equity ratio of 129.90, a quick ratio of 0.88 and a current ratio of 1.10.

Insider Buying and Selling

In other news, insider Bindi Foyle  bought 3,761 shares of the stock in a transaction on Wednesday, April 15th. The stock was purchased at an average price of GBX 529 per share, with a total value of £19,895.69. Insiders own 4.33% of the company’s stock.

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.