BMO Capital Markets Raises High Liner Foods (TSE:HLF) Price Target to C$10.00

High Liner Foods (TSE:HLF) had its price objective upped by research analysts at BMO Capital Markets from C$9.00 to C$10.00 in a research note issued to investors on Thursday, BayStreet.CA reports. BMO Capital Markets’ price objective would indicate a potential downside of 0.99% from the company’s current price.

Separately, Royal Bank of Canada increased their price target on High Liner Foods from C$8.00 to C$10.00 in a research report on Thursday.

HLF traded up C$1.10 during midday trading on Thursday, hitting C$10.10. 224,128 shares of the company were exchanged, compared to its average volume of 86,290. The business has a 50 day moving average of C$9.64. The stock has a market cap of $339.84 million and a price-to-earnings ratio of 16.10. The company has a quick ratio of 0.78, a current ratio of 2.26 and a debt-to-equity ratio of 134.21. High Liner Foods has a 1-year low of C$6.19 and a 1-year high of C$11.08.

High Liner Foods (TSE:HLF) last announced its quarterly earnings results on Tuesday, May 14th. The company reported C$0.58 earnings per share for the quarter. The company had revenue of C$368.85 million for the quarter, compared to analyst estimates of C$388.08 million. On average, research analysts anticipate that High Liner Foods will post 0.65 EPS for the current fiscal year.

In other news, Director Matthew Roy Hennigar sold 4,250 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of C$8.93, for a total transaction of C$37,952.50. Following the sale, the director now directly owns 200 shares in the company, valued at approximately C$1,786.

About High Liner Foods

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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