High Liner Foods (TSE:HLF – Get Free Report) had its price target raised by equities researchers at RBC Dominion Securities from C$18.00 to C$27.00 in a research note issued on Tuesday, BayStreet reports. The brokerage presently has a “sector perform” rating on the stock. RBC Dominion Securities‘s price objective would suggest a potential upside of 0.82% from the company’s current price.
Separately, Ventum Capital set a C$16.50 target price on shares of High Liner Foods and gave the stock a “neutral” rating in a research report on Wednesday, October 21st. Six investment analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$21.69.
Check Out Our Latest Report on HLF
High Liner Foods Stock Up 0.1%
Shares of TSE HLF traded up C$0.02 on Tuesday, hitting C$26.78. The company had a trading volume of 315,786 shares, compared to its average volume of 39,518. The company has a quick ratio of 0.38, a current ratio of 2.29 and a debt-to-equity ratio of 80.12. High Liner Foods has a 12-month low of C$13.13 and a 12-month high of C$26.83. The firm has a market capitalization of C$749.97 million, a P/E ratio of 30.43 and a beta of 0.57. The business has a 50 day moving average of C$14.86 and a two-hundred day moving average of C$14.87.
High Liner Foods (TSE:HLF – Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported C$0.63 EPS for the quarter. The business had revenue of C$382.35 million for the quarter. High Liner Foods had a return on equity of 6.30% and a net margin of 2.30%. During the same quarter in the previous year, the business posted $0.28 earnings per share. As a group, equities research analysts forecast that High Liner Foods will post 1.99 earnings per share for the current fiscal year.
About High Liner Foods
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. They also sell branded products under the High Liner, Icelandic Seafood, and FPI labels to restaurants and institutions, and are a major supplier of private-label, value-added frozen seafood products to North American food retailers and foodservice distributors.
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