Hilton Food Group (LON:HFG) Share Price Passes Above 200 Day Moving Average of $902.88

Hilton Food Group plc (LON:HFG) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 902.88 ($12.08) and traded as high as GBX 909 ($12.16). Hilton Food Group shares last traded at GBX 898 ($12.01), with a volume of 160,649 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on HFG shares. Shore Capital reiterated a “house stock” rating on shares of Hilton Food Group in a report on Wednesday, September 4th. Royal Bank of Canada raised their price target on shares of Hilton Food Group from GBX 1,000 ($13.38) to GBX 1,050 ($14.04) and gave the company a “sector perform” rating in a research report on Thursday, September 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 1,105 ($14.78) price objective on shares of Hilton Food Group in a report on Thursday, September 5th.

Hilton Food Group Stock Up 0.7 %

The company has a current ratio of 1.11, a quick ratio of 0.88 and a debt-to-equity ratio of 143.75. The stock has a market capitalization of £810.89 million, a PE ratio of 1,760.78, a P/E/G ratio of 17.31 and a beta of 0.57. The stock’s fifty day simple moving average is GBX 922.90 and its 200-day simple moving average is GBX 902.88.

Hilton Food Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 31st will be given a GBX 9.60 ($0.13) dividend. This represents a yield of 0.99%. The ex-dividend date of this dividend is Thursday, October 31st. Hilton Food Group’s payout ratio is 6,470.59%.

About Hilton Food Group

Hilton Food Group plc, together with its subsidiaries, engages in the food packing business. It offers beef, pork, lamb, poultry, seafood, and vegan and vegetarian food, such as steak, roast, diced, mince, meatloaf, sausages, burgers, meatballs ribs, chops, bacon, gammon, schnitzel, pulled belly, rib rack, smoked loin, shanks, carcass, chicken kabab, chicken drumsticks, chicken tight, chicken wings, half chicken, duck leg, duck half, coated, salmon, white fish, shellfish, fish cakes, smoked salmon, strips, nuggets, pulled, and balls.