High Liner Foods Inc (HLF) Cut to “Sector Perform” at Scotiabank
High Liner Foods Inc (TSE:HLF) was downgraded by equities research analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Monday. They currently have a C$26.00 price objective on the stock. Scotiabank’s price objective points to a potential downside of 0.12% from the company’s previous close.
A number of other equities research analysts have also recently commented on HLF. RBC Capital Markets increased their target price on shares of High Liner Foods from C$17.00 to C$23.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 17th. Royal Bank Of Canada upped their price objective on shares of High Liner Foods from C$17.00 to C$23.00 and gave the company a “sector perform” rating in a report on Friday, August 19th. Finally, Beacon Securities reissued a “buy” rating on shares of High Liner Foods in a report on Monday, September 12th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of C$24.00.
High Liner Foods (TSE:HLF) traded down 3.53% during midday trading on Monday, hitting $25.11. 63,480 shares of the stock traded hands. High Liner Foods has a 12-month low of $10.10 and a 12-month high of $26.47. The company’s 50-day moving average is $24.78 and its 200 day moving average is $19.44. The firm has a market cap of $775.57 million and a P/E ratio of 24.40.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 15th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Tuesday, August 30th.
High Liner Foods Company Profile
High Liner Foods Incorporated is a Canada-based company engaged in processing and marketing of prepared and packaged frozen seafood products. The Company’s retail branded products are sold across the United States, Canada and Mexico under the High Liner, Fisher Boy, Mirabel, Sea Cuisine and C. Wirthy & Co brands.
Receive News & Stock 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 stocks with our FREE daily email newsletter.