Hilton Food Group (HFG)

Sector:

Food

Index:

FTSE 250

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

Numis raises target price on Hilton Foods

By Iain Gilbert

Date: Friday 29 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Numis raised their target price on Hilton Foods from 1,450.0p to 1,500.0p after the firm's acquisition of butcher Fairfax Meadow.
Numis said Hilton's acquisition of Fairfax Meadows, a leading supplier of red meat into the UK's foodservice sector, fits well with the group's expanded capabilities in terms of meat trading and sous vide.

The broker also noted that the £23.8m cash purchase, funded from its existing debt facilities, provided Hilton with an opportunity to sell its other proteins, such as fish and plant-based, into the foodservice channel.

"As such, we believe that the acquisition provides a long-term growth opportunity for Hilton, said Numis.

"We have upgraded our adjusted earnings per share forecasts by circa 3% to reflect the acquisition in full-year 2022/2023 estimates. The valuation looks attractive on 17.3x PE and 8.4x enterprise value/earnings before interest, tax, depreciation and amortisation for calendar year 2022."

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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 985.00p
52 Week Low 646.00p
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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