Hilton Food Group (HFG)

Sector:

Food

Index:

FTSE 250

900.00p
   
  • Change Today:
    -14.00p
  • 52 Week High: 985.00
  • 52 Week Low: 646.00
  • Currency: UK Pounds
  • Shares Issued: 89.70m
  • Volume: 144,023
  • Market Cap: £807.32m
  • RiskGrade: 184

Hilton Foods encouraged by trading after Seachill acquisition

By Iain Gilbert

Date: Wednesday 08 Nov 2017

LONDON (ShareCast) - (ShareCast News) - Retail meat packer Hilton Foods said on Wednesday that it had made "significant strategic progress" in the last four months with the acquisition of Icelandic fish smokers Seachill and the finalisation of an agreement to build a new facility in New Zealand.
Hilton said turnover within Britain had continued to grow relative to last year and that its Irish business had continued to experience "encouraging" top-line growth since its last trading update on 17 July.

In both Sweden and Denmark, the group said it was behind the previous year's results, and noted that although the Netherlands had remained a challenging market for the firm, overall performance was boosted by new product and packaging developments, as well as other initiatives.

In Portugal, Hilton continued to process significant volumes as it began the execution of its scheduled development plan, which it said "more than offset" the impact of the project's start-up costs.

The group also said its joint venture in the Australian states of Queensland and Victoria was moving in line with its expectations, with planning permission relating to its Queensland plant having been obtained in the same period it finalised the deal to construct its Auckland, New Zealand plant with Progressive Enterprises.

Damian McNeela, an analyst at Numis Securities, said the acquisition of Seachill represented a "major strategic milestone", serving to strengthen Hilton's relationships with one of its major customers, as well as providing a platform to develop its seafood capabilities in other markets.

Numis reiterated its 'add' rating on Hilton and raised its target price from 830p to 1,000p per share.

As of 1015 GMT, shares had grown 0.26% to 866.25p.

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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 900.00p
Change Today -14.00p
% Change -1.53 %
52 Week High 985.00
52 Week Low 646.00
Volume 144,023
Shares Issued 89.70m
Market Cap £807.32m
RiskGrade 184

HFG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
79.79% below the market average79.79% below the market average79.79% below the market average79.79% below the market average79.79% 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
58.18% above the market average58.18% above the market average58.18% above the market average58.18% above the market average58.18% above the market average
53.33% above the sector average53.33% above the sector average53.33% above the sector average53.33% above the sector average53.33% above the sector average
Income
24.23% above the market average24.23% above the market average24.23% above the market average24.23% above the market average24.23% above the market average
6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average
Growth
12.86% below the market average12.86% below the market average12.86% below the market average12.86% below the market average12.86% below the market average
18.52% above the sector average18.52% above the sector average18.52% above the sector average18.52% above the sector average18.52% above 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
  Interim Final
Ex-Div 31-Oct-24 30-May-24
Paid 29-Nov-24 28-Jun-24
Amount 9.60p 23.00p

Trades for 31-Oct-2024

Time Volume / Share Price
17:30 7,357 @ 899.94p
17:30 8,066 @ 899.94p
17:30 12,183 @ 899.94p
17:30 1,095 @ 899.94p
16:35 56,627 @ 900.00p

HFG Key Personnel

Chair Robert Watson
CFO Matt Osborne

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