High Liner Foods (TSE:HLF) Sets New 12-Month Low After Analyst Downgrade

High Liner Foods Inc (TSE:HLF)’s share price hit a new 52-week low on Tuesday after BMO Capital Markets lowered their price target on the stock from C$20.50 to C$17.50. The stock traded as low as C$13.53 and last traded at C$13.71, with a volume of 32865 shares trading hands. The stock had previously closed at C$13.75.

HLF has been the topic of several other research reports. Raymond James Financial downgraded High Liner Foods from a “moderate buy” rating to a “hold” rating and dropped their price objective for the stock from C$22.00 to C$16.00 in a research note on Friday. Royal Bank Of Canada set a C$20.00 price objective on High Liner Foods and gave the company a “sector perform” rating in a research report on Thursday, September 18th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, High Liner Foods currently has an average rating of “Moderate Buy” and a consensus target price of C$18.63.

High Liner Foods Trading Down 0.1%

The firm’s 50-day simple moving average is C$16.37 and its 200 day simple moving average is C$17.10. The company has a debt-to-equity ratio of 55.83, a current ratio of 2.66 and a quick ratio of 0.38. The firm has a market capitalization of C$395.92 million, a price-to-earnings ratio of 11.95 and a beta of 0.73.

High Liner Foods Company Profile

High Liner Foods is the leading North American processor and marketer of value-added frozen seafood. Their retail branded products are sold throughout the United States, Canada and Mexico under the High Liner, Fisher Boy, Sea Cuisine and C. Wirthy & Co labels, and are available in most grocery and club stores.