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Investing.com - Berenberg has lowered its price target on Hilton Foods Group Plc. (LSE:HFG) to GBP7.90 from GBP10.90 while maintaining a Buy rating on the stock.
The price target reduction follows Hilton Foods Group’s revised profit expectations for fiscal years 2025 and 2026, announced in a trading update on November 11. The company now expects FY 2025 adjusted profit before tax to range between £72 million and £75 million.
This updated guidance represents a 3% decrease from the previous Visible Alpha consensus at the midpoint. The food packaging company cited high protein prices impacting consumer demand and delays in decisions regarding Foppen supply recommencement as key factors behind the revision.
Hilton Foods also indicated that profit progression will be more challenging in FY 2026, a period for which analysts had previously projected approximately 5% year-over-year growth in adjusted profit before tax.
Berenberg has adjusted its earnings forecast to reflect the company’s updated guidance, resulting in the new price target of 790 pence, while maintaining its positive outlook on the stock with a Buy rating.
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