Hilton Food Group (HFG)

Sector:

Food

Index:

FTSE 250

916.00p
   
  • Change Today:
      3.00p
  • 52 Week High: 942.00
  • 52 Week Low: 637.00
  • Currency: UK Pounds
  • Shares Issued: 89.70m
  • Volume: 141,554
  • Market Cap: £821.67m
  • RiskGrade: 184

Berenberg upgrades Hilton Food to 'buy'

By Iain Gilbert

Date: Friday 14 Oct 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg upgraded food packaging business Hilton Food from 'hold' to 'buy' on Friday but cut their target price on the stock from 1,200.0p to 850.0p.
Berenberg said Hilton Food's recent profit warning provided investors with "a clear buying opportunity", stating the group's offering was "highly valuable" to grocers by offering them a way to meaningfully reduce cost, improve their supply chains and deepen their product offering.

The German bank stated headline slim margins and short-term issues at Hilton should not distract from the group's ability to consistently deliver through the cycle, with high-volume turns enabling it to generate "exceptional returns on capital".

"Following a recent trip to Australasia to see some of the group's assets, we are confident that Hilton can both deepen its relationship with existing customers, and roll out its offering in more geographies," said Berenberg.

"Although underlying volumes in its core business have been affected by a channel rebalancing and a softening consumer outlook, we think Hilton has a number of levers to offset this over the next few years."

Berenberg added that on its full-year 2023 estimates, Hilton trades on an 8.5% free cash flow yield and on 11.0x IFRS-16 adjusted earnings. Its discounted cash flow-based price target implied a price-to-earnings multiple of 15.0x.



Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

HFG Market Data

Currency UK Pounds
Share Price 916.00p
Change Today 3.00p
% Change 0.33 %
52 Week High 942.00
52 Week Low 637.00
Volume 141,554
Shares Issued 89.70m
Market Cap £821.67m
RiskGrade 184

HFG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
74.88% below the market average74.88% below the market average74.88% below the market average74.88% below the market average74.88% below the market average
85.19% below the sector average85.19% below the sector average85.19% below the sector average85.19% below the sector average85.19% below the sector average
Price Trend
49.41% above the market average49.41% above the market average49.41% above the market average49.41% above the market average49.41% above the market average
44.83% above the sector average44.83% above the sector average44.83% above the sector average44.83% above the sector average44.83% above the sector average
Income
33.59% above the market average33.59% above the market average33.59% above the market average33.59% above the market average33.59% above the market average
14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average
Growth
18.84% below the market average18.84% below the market average18.84% below the market average18.84% below the market average18.84% below the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 1
Sell 1
Strong Sell 0
Total 6
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

HFG Dividends

  Latest Previous
  Final Interim
Ex-Div 30-May-24 02-Nov-23
Paid 28-Jun-24 01-Dec-23
Amount 23.00p 9.00p

Trades for 18-Jul-2024

Time Volume / Share Price
16:38 8,490 @ 916.00p
16:36 65 @ 916.00p
16:35 34,760 @ 916.00p
16:35 129 @ 916.00p
16:35 126 @ 916.00p

HFG Key Personnel

CFO Matt Osborne

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