Hilton Food Group (LON:HFG) Earns Buy Rating from Peel Hunt

Peel Hunt restated their buy rating on shares of Hilton Food Group (LON:HFG – Get Rating) in a research report report published on Tuesday, Marketbeat.com reports. They currently have a GBX 1,030 ($12.81) target price on the stock.

Separately, Shore Capital reaffirmed a house stock rating on shares of Hilton Food Group in a report on Tuesday.

Hilton Food Group Price Performance

LON:HFG opened at GBX 745 ($9.27) on Tuesday. The business’s 50-day moving average price is GBX 696.81 and its 200 day moving average price is GBX 639.35. The firm has a market cap of £666.25 million, a P/E ratio of 3,725.00, a PEG ratio of 17.31 and a beta of 0.60. Hilton Food Group has a 52-week low of GBX 495.42 ($6.16) and a 52-week high of GBX 1,162.32 ($14.46). The company has a quick ratio of 0.88, a current ratio of 1.21 and a debt-to-equity ratio of 178.49.

Hilton Food Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 1st will be issued a dividend of GBX 22.60 ($0.28) per share. This represents a dividend yield of 3.25%. This is a positive change from Hilton Food Group’s previous dividend of $7.10. The ex-dividend date of this dividend is Thursday, June 1st. Hilton Food Group’s payout ratio is currently 15,000.00%.

Insider Activity

In related news, insider Patricia Dimond bought 7,575 shares of Hilton Food Group stock in a transaction that occurred on Wednesday, April 5th. The stock was purchased at an average cost of GBX 660 ($8.21) per share, for a total transaction of £49,995 ($62,182.84). 13.61% of the stock is owned by corporate insiders.

Hilton Food Group Company Profile

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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.