Hilton Food Group (LON:HFG) Earns “Hold” Rating from Peel Hunt

Peel Hunt restated their hold rating on shares of Hilton Food Group (LON:HFG) in a research report report published on Tuesday, May 28th, ThisIsMoney.Co.Uk reports.

Other equities analysts also recently issued reports about the stock. Shore Capital restated a buy rating on shares of Hilton Food Group in a research note on Wednesday, March 27th. Numis Securities restated a buy rating and issued a GBX 1,125 ($14.70) target price on shares of Hilton Food Group in a research note on Friday, February 8th. Berenberg Bank upped their target price on shares of Hilton Food Group from GBX 890 ($11.63) to GBX 950 ($12.41) and gave the stock a hold rating in a research note on Friday, May 3rd. Finally, HSBC upped their target price on shares of Hilton Food Group from GBX 920 ($12.02) to GBX 1,030 ($13.46) and gave the stock a hold rating in a research note on Tuesday, April 23rd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 1,035 ($13.52).

LON:HFG traded up GBX 19 ($0.25) during mid-day trading on Tuesday, hitting GBX 969 ($12.66). 12,555 shares of the stock traded hands, compared to its average volume of 37,780. The company has a current ratio of 1.23, a quick ratio of 0.91 and a debt-to-equity ratio of 63.36. The company has a market capitalization of $790.74 million and a price-to-earnings ratio of 24.53. Hilton Food Group has a 52 week low of GBX 880 ($11.50) and a 52 week high of GBX 1,096 ($14.32).

The firm also recently declared a dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, May 30th will be given a GBX 15.80 ($0.21) dividend. This represents a dividend yield of 1.73%. The ex-dividend date is Thursday, May 30th. This is a boost from Hilton Food Group’s previous dividend of $5.60. Hilton Food Group’s dividend payout ratio is presently 0.53%.

In related news, insider Philip Heffer sold 50,296 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of GBX 990 ($12.94), for a total transaction of £497,930.40 ($650,634.26). Also, insider Robert Watson sold 65,242 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of GBX 1,024 ($13.38), for a total transaction of £668,078.08 ($872,962.34).

Hilton Food Group Company Profile

Hilton Food Group plc, together with its subsidiaries, engages in the food packing business. The company offers a range of fresh items, such as roasting joints, steaks, chops, and minces. It also provides value-added products comprising barbecue ranges, marinated meats, meat cuts, serving sauces, and ready to cook products.

Further Reading: Inflation

Analyst Recommendations for Hilton Food Group (LON:HFG)

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