Horizon North Logistics Given New C$10.00 Price Target at Scotiabank (HNL)
Investment analysts at Scotiabank upped their price objective on shares of Horizon North Logistics (TSE:HNL) from C$9.25 to C$10.00 in a note issued to investors on Thursday, Stock Ratings Network.com reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 17.37% from the stock’s previous close.
Separately, analysts at National Bank Financial raised their price target on shares of Horizon North Logistics from C$8.00 to C$9.50 in a research note to investors on Wednesday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of C$8.93.
Shares of Horizon North Logistics (TSE:HNL) traded up 0.24% on Thursday, hitting $8.52. The stock had a trading volume of 633,007 shares. Horizon North Logistics has a 52 week low of $5.09 and a 52 week high of $8.65. The stock has a 50-day moving average of $7.54 and a 200-day moving average of $6.79. The company has a market cap of $932.2 million and a P/E ratio of 16.04.
The company also recently announced a quarterly dividend, which is scheduled for Friday, January 10th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.06 per share. This represents a $0.25 annualized dividend and a dividend yield of 2.93%.
Horizon North Logistics Inc provides camp and catering services, ground matting services, and marine transportation services to oil and gas exploration and production companies, oilfield service companies and mining companies working on oil sands, mineral exploration and development, and conventional oil and gas projects primarily in western Canada.
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