Hilton Food Group (LON:HFG) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Hilton Food Group plc (LON:HFG)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 913.87 ($11.76) and traded as high as GBX 950 ($12.22). Hilton Food Group shares last traded at GBX 943 ($12.13), with a volume of 82,241 shares.

Analysts Set New Price Targets

HFG has been the subject of several research analyst reports. Shore Capital restated a “house stock” rating on shares of Hilton Food Group in a report on Tuesday, November 5th. Royal Bank of Canada upped their price target on Hilton Food Group from GBX 1,000 ($12.87) to GBX 1,050 ($13.51) and gave the company a “sector perform” rating in a report on Thursday, September 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 1,105 ($14.22) price objective on shares of Hilton Food Group in a research note on Thursday, September 5th.

Hilton Food Group Stock Performance

The firm’s fifty day simple moving average is GBX 906.05 and its 200 day simple moving average is GBX 913.87. The company has a market capitalization of £853.06 million, a price-to-earnings ratio of 1,849.02, a PEG ratio of 17.31 and a beta of 0.57. The company has a debt-to-equity ratio of 143.75, a current ratio of 1.11 and a quick ratio of 0.88.

Hilton Food Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 31st will be paid a dividend of GBX 9.60 ($0.12) per share. This represents a yield of 0.99%. The ex-dividend date is Thursday, October 31st. Hilton Food Group’s dividend payout ratio (DPR) is currently 6,470.59%.

Hilton Food Group Company Profile

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.