High Liner Foods Inc (HLF) Receives “Sector Perform” Rating from Royal Bank of Canada
High Liner Foods Inc (TSE:HLF)‘s stock had its “sector perform” rating reaffirmed by equities researchers at Royal Bank of Canada in a research report issued on Wednesday, StockTargetPrices.com reports. They presently have a C$21.00 price objective on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 8.19% from the stock’s current price.
Several other equities research analysts have also commented on the company. Beacon Securities upgraded High Liner Foods from a “hold” rating to a “buy” rating in a research report on Monday, May 15th. Scotiabank upped their target price on High Liner Foods from C$18.50 to C$20.00 and gave the company a “sector perform” rating in a research report on Thursday, May 11th. Finally, BMO Capital Markets cut their target price on High Liner Foods from C$22.00 to C$19.00 in a research report on Thursday, May 11th.
High Liner Foods (TSE HLF) traded down 1.49% during trading on Wednesday, hitting $19.12. The stock had a trading volume of 9,529 shares. The firm has a market capitalization of $590.60 million and a P/E ratio of 20.13. The stock has a 50 day moving average of $18.64 and a 200 day moving average of $18.88. High Liner Foods has a one year low of $17.01 and a one year high of $27.62.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 15th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $0.56 annualized dividend and a yield of 2.89%.
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In other news, Director Jolene Mahody purchased 2,000 shares of the business’s stock in a transaction on Monday, March 6th. The shares were acquired at an average price of C$17.34 per share, for a total transaction of C$34,680.00.
High Liner Foods Company Profile
High Liner Foods Incorporated is a Canada-based company, which is engaged in the processing and marketing of frozen seafood products. The Company produces a range of products from breaded and battered items to seafood entrees, which are sold to North American food retailers and foodservice distributors.
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