Royal Bank of Canada Boosts Hilton Food Group (LON:HFG) Price Target to GBX 1,050

Hilton Food Group (LON:HFG) had its price target raised by Royal Bank of Canada from GBX 1,000 ($13.15) to GBX 1,050 ($13.81) in a research note issued to investors on Thursday, MarketBeat reports. The firm currently has a sector perform rating on the stock.

Several other analysts have also recently issued reports on the company. Shore Capital restated a house stock rating on shares of Hilton Food Group in a report on Wednesday. Deutsche Bank Aktiengesellschaft restated a buy rating and issued a GBX 1,105 ($14.53) target price on shares of Hilton Food Group in a report on Thursday.

Hilton Food Group Stock Down 1.3 %

Shares of LON:HFG opened at GBX 900 ($11.83) on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.17 and a debt-to-equity ratio of 153.45. The business has a fifty day moving average of GBX 928.60 and a two-hundred day moving average of GBX 895.50. The stock has a market cap of £806.40 million, a P/E ratio of 2,250.00, a PEG ratio of 17.31 and a beta of 0.57. Hilton Food Group has a 52-week low of GBX 634.03 ($8.34) and a 52-week high of GBX 996 ($13.10).

Hilton Food Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, October 31st will be issued a dividend of GBX 9.60 ($0.13) 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 presently 8,000.00%.

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.