Directors dealings: Hilton Foods boss sells near record-high

13th Jan 2017 15:04

(ShareCast News) - Hilton Foods´s chief Robert Watson unloaded 50,000 shares at an indvidual price of 680p on 13 Jnauary, the company said in a statement.Just over a week earlier, shares in the international meat packing specialist hit a record high at 704p.On the same day that Watson decided to pack-up and sell, HSBC analyst Damian Mcneela reiterated his 'buy' recommendation on the stock and bumped up his target price from 760p to 770p.The number cruncher highlighted the firm´s "strong track record of delivering growth from existing customers."Mcneela believed recent deals in Portugal and Australia improved visibility on the company´s medium-term growth.Furthermore, "with c.GBP60m of gross cash at FY 2016e we think Hilton is capable of delivering additional growth in both current and new markets. Our increased forecasts results in our TP increasing from 760p to 770p which implies 21.7% upside," he said.The day before, Hilton Foods said it performed slightly better than it had expected in the year to 1 January thanks to growth in a number of markets and the positive impact of foreign currency translation.Top Director BuysCondor Gold (CNR) Director name: Mr James(Jim) Mellon Amount purchased: 845,000 @ 48.50p Value: £409,825Condor Gold (CNR) Director name: Mr James(Jim) Mellon Amount purchased: 395,998 @ 50.50p Value: £199,979Sirius Real Estate Ltd. (SRE) Director name: Mr Alistair MarksAmount purchased: 92,000 @ € 0.54 Value: € 49,680Safestore Holdings (SAFE) Director name: Mr William (Bill) OliverAmount purchased: 5,000 @ 342.00p Value: £17,100Safestore Holdings (SAFE) Director name: Mr William (Bill) OliverAmount purchased: 5,000 @ 340.90p Value: £17,045Personal Group Holdings (PGH) Director name: Mr Ken W RooneyAmount purchased: 4,220 @ 354.50p Value: £14,960Personal Group Holdings (PGH) Director name: Mr Ken W RooneyAmount purchased: 4,220 @ 354.50p Value: £14,960Top Director SellsHilton Food Group (HFG) Director name: Mr Robert WatsonAmount sold: 50,000 @ 680.00p Value: £340,000