High Liner Foods (TSE:HLF) Stock Gets Price Target Bump from RBC Dominion Securities

by · The Markets Daily

High Liner Foods (TSE:HLF – Get Free Report) had its price target hoisted by stock analysts at RBC Dominion Securities from C$18.00 to C$27.00 in a report issued on Tuesday, BayStreet reports. The brokerage currently has a “sector perform” rating on the stock. RBC Dominion Securities‘s price objective would suggest a potential upside of 0.82% from the stock’s current price.

Separately, Ventum Capital set a C$16.50 price target 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$21.69.

Read Our Latest Analysis on HLF

High Liner Foods Stock Performance

TSE:HLF traded up C$0.02 during trading hours on Tuesday, reaching C$26.78. 315,786 shares of the stock were exchanged, compared to its average volume of 39,518. The stock has a market capitalization of C$749.97 million, a P/E ratio of 30.43 and a beta of 0.57. The firm has a 50 day simple moving average of C$14.86 and a 200-day simple moving average of C$14.87. 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 52 week low of C$13.13 and a 52 week high of C$26.83.

High Liner Foods (TSE:HLF – Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported C$0.63 earnings per share for the quarter. The business had revenue of C$382.35 million during the quarter. High Liner Foods had a return on equity of 6.30% and a net margin of 2.30%. During the same quarter last year, the firm posted $0.28 earnings per share. As a group, sell-side analysts forecast that High Liner Foods will post 1.99 earnings per share for the current fiscal year.

About High Liner Foods

(Get Free Report)

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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