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Hilton Food Group (LON:HFG) Stock Crosses Above Two Hundred Day Moving Average - Here's What Happened

Hilton Food Group logo with Consumer Defensive background

Hilton Food Group plc (LON:HFG - Get Free Report) 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 trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Royal Bank of Canada increased their price objective on shares of 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 research note on Thursday, September 5th. Shore Capital reaffirmed a "house stock" rating on shares of Hilton Food Group in a research report on Wednesday, September 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 1,105 ($14.35) price objective on shares of Hilton Food Group in a report on Thursday, September 5th.

Check Out Our Latest Analysis on HFG

Hilton Food Group Stock Performance

The firm's 50 day moving average is GBX 916.27 and its 200-day moving average is GBX 910.74. The stock has a market capitalization of £826.14 million, a price-to-earnings ratio of 1,805.88, a PEG 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.

Hilton Food Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, October 31st will be paid a GBX 9.60 ($0.12) dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a dividend yield of 0.99%. Hilton Food Group's dividend payout ratio is presently 6,470.59%.

About Hilton Food Group

(Get Free Report)

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.

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