Hilton Food Group (LON:HFG) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Hilton Food Group plc (LON:HFG)’s stock price crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 585 and traded as high as GBX 719.50. Hilton Food Group shares last traded at GBX 718, with a volume of 478,652 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HFG shares. Shore Capital Group reiterated a “house stock” rating on shares of Hilton Food Group in a research note on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Hilton Food Group from GBX 815 to GBX 850 and gave the company a “buy” rating in a report on Friday, September 4th. Finally, Berenberg Bank boosted their price target on shares of Hilton Food Group from GBX 790 to GBX 810 and gave the company a “buy” rating in a research report on Monday, September 7th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 717.50.

Hilton Food Group Stock Up 0.8%

The company has a market cap of £653.53 million, a P/E ratio of 12.75, a P/E/G ratio of 17.31 and a beta of 0.75. The stock has a 50-day moving average of GBX 674.87 and a two-hundred day moving average of GBX 586.41. The company has a debt-to-equity ratio of 157.02, a quick ratio of 0.88 and a current ratio of 1.28.

Hilton Food Group (LON:HFG) last posted its quarterly earnings results on Thursday, September 3rd. The company reported GBX 25.70 EPS for the quarter. Hilton Food Group had a net margin of 0.47% and a return on equity of 5.91%. On average, research analysts anticipate that Hilton Food Group plc will post 62.33 EPS for the current fiscal year.

Insider Activity

In related news, insider Mark Allen bought 14,500 shares of the business’s stock in a transaction dated Tuesday, September 15th. The shares were purchased at an average price of GBX 682 per share, with a total value of £98,890. Also, insider Matt Osborne purchased 12,008 shares of Hilton Food Group stock in a transaction that occurred on Friday, September 11th. The shares were bought at an average price of GBX 666 per share, for a total transaction of £79,973.28. 4.41% of the stock is 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.