High Liner Foods Inc (TSE:HLF – Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$14.86 and traded as high as C$14.97. High Liner Foods shares last traded at C$14.92, with a volume of 17,346 shares traded.
Analysts Set New Price Targets
Several equities analysts have commented on the stock. Ventum Financial set a C$15.50 price objective on shares of High Liner Foods and gave the company a “neutral” rating in a research report on Wednesday, April 22nd. Royal Bank Of Canada decreased their target price on shares of High Liner Foods from C$17.00 to C$16.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 28th. Raymond James Financial lowered their price target on shares of High Liner Foods from C$17.00 to C$15.00 and set a “market perform” rating for the company in a report on Wednesday, April 15th. Finally, ATB Cormark Capital Markets dropped their price target on High Liner Foods from C$24.00 to C$19.50 and set a “speculative buy” rating for the company in a research report on Monday, April 6th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, High Liner Foods currently has a consensus rating of “Hold” and a consensus price target of C$16.70.
Read Our Latest Research Report on High Liner Foods
High Liner Foods Stock Up 0.1%
High Liner Foods (TSE:HLF – Get Free Report) last posted its quarterly earnings data on Wednesday, May 13th. The company reported C$0.54 EPS for the quarter. High Liner Foods had a net margin of 2.68% and a return on equity of 7.07%. The company had revenue of C$467.12 million during the quarter. As a group, analysts anticipate that High Liner Foods Inc will post 1.9858934 earnings per share for the current fiscal year.
High Liner Foods Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.7%. High Liner Foods’s payout ratio is currently 51.08%.
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. 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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