High Liner Foods Inc (HLF) Reaches New 12-Month Low on Analyst Downgrade
High Liner Foods Inc (TSE:HLF) reached a new 52-week low on Monday after Royal Bank Of Canada lowered their price target on the stock from C$17.00 to C$16.00. Royal Bank Of Canada currently has a sector perform rating on the stock. High Liner Foods traded as low as C$13.21 and last traded at C$13.26, with a volume of 94855 shares trading hands. The stock had previously closed at C$13.92.
Several other equities research analysts have also weighed in on HLF. BMO Capital Markets dropped their price target on High Liner Foods from C$19.00 to C$15.00 in a research report on Wednesday, August 16th. Scotiabank dropped their price target on High Liner Foods from C$15.50 to C$15.00 and set a “sector perform” rating on the stock in a research report on Friday.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.145 per share. This is a boost from High Liner Foods’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, November 30th. This represents a $0.58 dividend on an annualized basis and a yield of 4.37%. High Liner Foods’s payout ratio is presently 40.55%.
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About High Liner Foods
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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