Royal Bank of Canada Increases High Liner Foods (HLF) Price Target to C$8.00
High Liner Foods (TSE:HLF) had its price objective increased by Royal Bank of Canada from C$7.00 to C$8.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 3.09% from the stock’s current price.
TSE HLF traded up C$0.34 during trading hours on Wednesday, hitting C$7.76. 139,050 shares of the company were exchanged, compared to its average volume of 68,255. The company has a debt-to-equity ratio of 139.57, a current ratio of 1.95 and a quick ratio of 0.49. High Liner Foods has a 52-week low of C$6.19 and a 52-week high of C$10.97. The company has a market cap of $236.35 million and a price-to-earnings ratio of 15.55.
High Liner Foods (TSE:HLF) last issued its quarterly earnings results on Wednesday, February 27th. The company reported C$0.09 earnings per share for the quarter. The company had revenue of C$321.03 million for the quarter, compared to analysts’ expectations of C$320.76 million. Equities research analysts anticipate that High Liner Foods will post 0.64 earnings per share for the current fiscal year.
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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