Horizon North Logistics Price Target Lowered to C$9.25 at Scotiabank (HNL)
Scotiabank cut their target price on shares of Horizon North Logistics (TSE:HNL) from C$10.00 to C$9.25 in a research note issued on Tuesday, Stock Ratings Network.com reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price target indicates a potential upside of 27.76% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at TD Securities cut their price target on shares of Horizon North Logistics from C$11.00 to C$9.50 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Raymond James downgraded shares of Horizon North Logistics from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday, January 23rd. They now have a C$9.50 price target on the stock, down previously from C$9.75. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Horizon North Logistics currently has an average rating of “Buy” and a consensus price target of C$9.04.
Shares of Horizon North Logistics (TSE:HNL) traded up 2.21% on Tuesday, hitting $7.40. The stock had a trading volume of 1,043,328 shares. Horizon North Logistics has a one year low of $5.09 and a one year high of $10.05. The stock has a 50-day moving average of $9.47 and a 200-day moving average of $8.01. The company has a market cap of $811.3 million and a P/E ratio of 13.16.
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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