Hilton Food Group (LON:HFG) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Shares of Hilton Food Group plc (LON:HFG) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 910.74 ($11.82) and traded as high as GBX 926 ($12.02). Hilton Food Group shares last traded at GBX 921 ($11.96), with a volume of 148,730 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HFG. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 1,105 ($14.35) price target on shares of Hilton Food Group in a research report on Thursday, September 5th. Royal Bank of Canada raised their target price on Hilton Food Group from GBX 1,000 ($12.98) to GBX 1,050 ($13.63) and gave the stock a “sector perform” rating in a report on Thursday, September 5th. Finally, Shore Capital reissued a “house stock” rating on shares of Hilton Food Group in a report on Wednesday, September 4th.

Hilton Food Group Stock Performance

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 company has a market cap of £826.14 million, a P/E ratio of 1,805.88, a PEG ratio of 17.31 and a beta of 0.57. The business’s 50 day simple moving average is GBX 916.27 and its 200 day simple moving average is GBX 910.74.

Hilton Food Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, October 31st will be given a dividend of GBX 9.60 ($0.12) per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a dividend yield of 0.99%. 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.