Hilton Food Group (LON:HFG) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Hilton Food Group plc (LON:HFG)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 changing hands.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on HFG shares. Shore Capital restated a “house stock” rating on shares of Hilton Food Group in a research report on Tuesday, November 5th. Royal Bank of Canada increased their price objective 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 report on Thursday, September 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 1,105 ($13.90) target price on shares of Hilton Food Group in a report on Thursday, September 5th.

Hilton Food Group Price Performance

The company has a market capitalization of £802.82 million, a PE ratio of 1,754.90, a P/E/G ratio of 17.31 and a beta of 0.57. The firm has a fifty day simple moving average of GBX 915.21 and a 200 day simple moving average of GBX 911.73. The company has a debt-to-equity ratio of 143.75, a quick ratio of 0.88 and a current ratio of 1.11.

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.