Hilton Food Group (LON:HFG) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Hilton Food Group plc (LON:HFG) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 914.54 ($11.46) and traded as high as GBX 930 ($11.66). Hilton Food Group shares last traded at GBX 916 ($11.48), with a volume of 42,108 shares trading hands.

Wall Street Analysts Forecast Growth

HFG has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 1,105 ($13.85) price objective on shares of Hilton Food Group in a research note on Thursday, September 5th. Royal Bank of Canada upped their target price on shares of Hilton Food Group from GBX 1,000 ($12.54) to GBX 1,050 ($13.16) and gave the company a “sector perform” rating in a report on Thursday, September 5th. Finally, Shore Capital restated a “house stock” rating on shares of Hilton Food Group in a report on Tuesday, November 5th.

Hilton Food Group Stock Performance

The firm has a market capitalization of £825.24 million, a PE ratio of 1,792.16, a price-to-earnings-growth 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 company’s fifty day moving average price is GBX 908.59 and its two-hundred day moving average price is GBX 914.32.

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 issued a GBX 9.60 ($0.12) dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a yield of 0.99%. Hilton Food Group’s payout ratio is 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.