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%.

ILLEGAL ACTIVITY WARNING: This article was originally published by American Banking News and is the property of of American Banking News. If you are viewing this article on another publication, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/05/31/high-liner-foods-inc-hlf-receives-sector-perform-rating-from-royal-bank-of-canada.html.

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.

Stock Target Prices

Receive News & Ratings for High Liner Foods Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for High Liner Foods Inc and related companies with MarketBeat.com's FREE daily email newsletter.