For the 15 week period from 13th July to date HFG's management notes in today's strong trading update that, overall, trading has been slightly above the Board's expectations, which gives us the scope to increase FY15 estimates by 1%. This encouraging trading update underpins our maintained Buy recommendation and TP of 570p. Our conviction is reinforced further when we consider that FY15 forecasts reflect some sizeable investment-related start-up costs, with HFG's true profit potential only re

05 Nov 2015
Panmure Research - Hilton Food Group Flash 05-11-15

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Panmure Research - Hilton Food Group Flash 05-11-15
Hilton Food Group plc (HFG:LON) | 834 8.3 0.1% | Mkt Cap: 750.3m
- Published:
05 Nov 2015 -
Author:
Peter Smedley -
Pages:
3 -
For the 15 week period from 13th July to date HFG's management notes in today's strong trading update that, overall, trading has been slightly above the Board's expectations, which gives us the scope to increase FY15 estimates by 1%. This encouraging trading update underpins our maintained Buy recommendation and TP of 570p. Our conviction is reinforced further when we consider that FY15 forecasts reflect some sizeable investment-related start-up costs, with HFG's true profit potential only re