Hilton Food Group (LON:HFG) Share Price Passes Above 200 Day Moving Average - Here's Why

Hilton Food Group plc (LON:HFG - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 changing hands.

Wall Street Analysts Forecast Growth

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

Hilton Food Group Price Performance

The stock has a market cap of £850.36 million, a P/E ratio of 1,864.72, a P/E/G ratio of 17.31 and a beta of 0.57. The company has a debt-to-equity ratio of 143.75, a quick ratio of 0.88 and a current ratio of 1.11. The business has a 50 day simple moving average of GBX 906.05 and a 200-day simple moving average of GBX 913.87.

Hilton Food Group Cuts Dividend

The business also recently announced 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. This represents a dividend yield of 0.99%. The ex-dividend date is Thursday, October 31st. Hilton Food Group's dividend payout ratio 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.