Hilton Food Group (LON:HFG) Stock Passes Below 200 Day Moving Average – What’s Next?

Hilton Food Group plc (LON:HFG)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 911.73 ($11.47) and traded as low as GBX 871 ($10.96). Hilton Food Group shares last traded at GBX 895 ($11.26), with a volume of 39,836 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HFG. Royal Bank of Canada raised their price target on shares of Hilton Food Group from GBX 1,000 ($12.58) to GBX 1,050 ($13.21) and gave the company a “sector perform” rating in a research report on Thursday, September 5th. Shore Capital reissued a “house stock” rating on shares of Hilton Food Group in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 1,105 ($13.90) target price on shares of Hilton Food Group in a research report on Thursday, September 5th.

Hilton Food Group Price Performance

The company has a market capitalization of £802.82 million, a P/E ratio of 1,754.90, a price-to-earnings-growth ratio of 17.31 and a beta of 0.57. The business’s 50-day moving average is GBX 915.21 and its two-hundred day moving average is GBX 911.73. The company has a quick ratio of 0.88, a current ratio of 1.11 and a debt-to-equity ratio of 143.75.

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.