Scotiabank Lowers Clearwater Seafoods Inc (CLR) Price Target to C$16.00
Clearwater Seafoods Inc (TSE:CLR) had its target price decreased by Scotiabank from C$16.50 to C$16.00 in a research note issued to investors on Friday. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price target points to a potential upside of 37.93% from the company’s previous close.
Separately, BMO Capital Markets restated an “outperform” rating on shares of Clearwater Seafoods in a research report on Friday, October 28th.
Clearwater Seafoods (TSE:CLR) opened at 11.60 on Friday. The company has a market cap of $741.63 million and a price-to-earnings ratio of 55.24. Clearwater Seafoods has a one year low of $9.95 and a one year high of $14.85. The stock has a 50 day moving average of $13.73 and a 200-day moving average of $14.03.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, December 2nd will be given a dividend of $0.05 per share. The ex-dividend date is Friday, November 18th. This represents a $0.20 dividend on an annualized basis and a yield of 1.72%.
About Clearwater Seafoods
Clearwater Seafoods Incorporated is a seafood company. The Company is engaged in the ownership and operation of assets and property in connection with the harvesting, processing, distribution and marketing of seafood. The Company’s segment includes integrated operations for harvesting, processing and distribution of seafood products.
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