Horizon North Logistics PT Raised to C$10.00 at TD Securities (HNL)
Analysts at TD Securities increased their price target on shares of Horizon North Logistics (TSE:HNL) from C$8.50 to C$10.00 in a research report issued to clients and investors on Thursday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 17.37% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Scotiabank raised their price target on shares of Horizon North Logistics from C$9.25 to C$10.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Finally, 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 given a buy rating to the company’s stock. Horizon North Logistics presently has an average rating of “Buy” and an average price target of C$8.93.
Horizon North Logistics (TSE:HNL) traded up 0.24% during mid-day trading on Thursday, hitting $8.52. 633,007 shares of the company’s stock traded hands. 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 declared a quarterly dividend, which is scheduled for Friday, January 10th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.06 per share. This represents a $0.25 dividend on an annualized basis and a 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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