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Hilton Food ( (GB:HFG) ) just unveiled an announcement.
Hilton Food Group has sold Fairfax Meadow Europe Limited to Sysco GB Ltd for £54 million, as part of its strategy to focus on core strengths. The sale includes a three-year supply agreement, ensuring continued supply of high-quality meat products. This move aligns with Hilton’s strategic priorities and aims to reinforce its platform for sustained growth. Sysco GB views the acquisition as a strategic fit to enhance its meat category leadership in the UK, complementing its existing foodservice offerings.
The most recent analyst rating on (GB:HFG) stock is a Buy with a £11.00 price target. To see the full list of analyst forecasts on Hilton Food stock, see the GB:HFG Stock Forecast page.
Spark’s Take on GB:HFG Stock
According to Spark, TipRanks’ AI Analyst, GB:HFG is a Neutral.
Hilton Food’s overall stock score is driven by solid financial performance and positive earnings call highlights. However, bearish technical indicators and challenges such as supply chain disruptions and rising costs weigh on the score. The valuation is reasonable, but not enough to offset the current market pressures.
To see Spark’s full report on GB:HFG stock, click here.
More about Hilton Food
Hilton Foods is a leading international multi-category food producer, offering high-quality meat, seafood, vegan, and vegetarian foods. With over 7,200 employees, the company operates 21 advanced facilities across Europe, Asia Pacific, and North America, focusing on long-term partnerships and sustainable growth.
Average Trading Volume: 347,037
Technical Sentiment Signal: Sell
Current Market Cap: £587.9M
For detailed information about HFG stock, go to TipRanks’ Stock Analysis page.