TD Securities Cuts Horizon North Logistics (TSE:HNL) Price Target to C$2.00

Horizon North Logistics (TSE:HNL) had its price objective lowered by equities researchers at TD Securities from C$3.00 to C$2.00 in a note issued to investors on Tuesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 61.29% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Raymond James restated an “outperform” rating and set a C$2.50 price target on shares of Horizon North Logistics in a research report on Friday, May 3rd. National Bank Financial dropped their price objective on shares of Horizon North Logistics from C$3.30 to C$3.00 and set an “outperform” rating for the company in a research note on Friday. One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$2.15.

Shares of HNL traded down C$0.10 during mid-day trading on Tuesday, hitting C$1.24. 576,035 shares of the company were exchanged, compared to its average volume of 234,461. Horizon North Logistics has a 1-year low of C$1.23 and a 1-year high of C$3.27. The company has a current ratio of 1.49, a quick ratio of 1.30 and a debt-to-equity ratio of 27.41. The firm’s 50 day simple moving average is C$1.78. The stock has a market cap of $194.76 million and a PE ratio of -35.43.

About Horizon North Logistics

Horizon North Logistics Inc provides industrial, commercial, and residential products and services in Canada. The company operates in two segments, Industrial Services and Modular Solutions. The Industrial Services segment supplies workforce accommodations, camp management services, access solutions, relocatable structures, and maintenance and utilities services.

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