High Liner Foods Inc (TSE:HLF – Get Free Report)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$11.82 and traded as high as C$13.65. High Liner Foods shares last traded at C$13.59, with a volume of 9,020 shares changing hands.
Wall Street Analyst Weigh In
Several equities analysts have commented on HLF shares. Royal Bank of Canada raised their target price on shares of High Liner Foods from C$13.00 to C$14.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 28th. Cormark raised their target price on shares of High Liner Foods from C$17.00 to C$18.25 in a research note on Wednesday, March 6th. Finally, BMO Capital Markets raised their target price on shares of High Liner Foods from C$13.50 to C$14.00 in a research note on Thursday, March 7th.
Check Out Our Latest Analysis on HLF
High Liner Foods Stock Performance
High Liner Foods (TSE:HLF – Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The company reported C$0.31 earnings per share for the quarter, beating the consensus estimate of C$0.30 by C$0.01. High Liner Foods had a net margin of 2.93% and a return on equity of 8.34%. The company had revenue of C$322.85 million during the quarter, compared to analyst estimates of C$321.95 million. As a group, equities analysts forecast that High Liner Foods Inc will post 1.7332474 earnings per share for the current year.
High Liner Foods Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.15 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.60 annualized dividend and a dividend yield of 4.42%. High Liner Foods’s dividend payout ratio (DPR) is 47.62%.
High Liner Foods Company Profile
High Liner Foods is the leading North American processor and marketer of value-added frozen seafood. Their retail branded products are sold throughout the United States, Canada and Mexico under the High Liner, Fisher Boy, Sea Cuisine and C. Wirthy & Co labels, and are available in most grocery and club stores.
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