High Liner Foods Inc (HLF) Shares Rating Restated by Royal Bank of Canada

High Liner Foods Inc (HLF) Shares Rating Restated by Royal Bank of Canada

High Liner Foods Inc (TSE:HLF)‘s stock had its “sector perform” rating reiterated by equities researchers at Royal Bank of Canada in a research note issued on Wednesday, StockTargetPrices.com reports. They currently have a C$21.00 price objective on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 8.25% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Scotiabank increased their price target on shares of High Liner Foods from C$18.50 to C$20.00 and gave the company a “sector perform” rating in a research report on Thursday, May 11th. BMO Capital Markets dropped their price target on shares of High Liner Foods from C$23.00 to C$18.50 and set a “sector perform” rating for the company in a research report on Thursday, February 23rd. Finally, Beacon Securities raised shares of High Liner Foods from a “hold” rating to a “buy” rating in a research report on Monday, May 15th.

High Liner Foods (HLF) opened at 19.40 on Wednesday. High Liner Foods has a 1-year low of $17.01 and a 1-year high of $27.62. The firm has a market capitalization of $599.25 million and a P/E ratio of 20.42. The stock’s 50 day moving average is $18.73 and its 200-day moving average is $18.89.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 15th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $0.56 annualized dividend and a yield of 2.89%.

In other news, Director Jolene Mahody purchased 2,000 shares of the company’s stock in a transaction on Monday, March 6th. The stock was acquired at an average price of C$17.34 per share, with a total value of C$34,680.00.

High Liner Foods Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TSX:HLF”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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