Royal Bank of Canada Boosts High Liner Foods (TSE:HLF) Price Target to C$10.00

High Liner Foods (TSE:HLF) had its price objective raised by Royal Bank of Canada from C$8.00 to C$10.00 in a research report report published on Thursday morning, BayStreet.CA reports.

Separately, BMO Capital Markets restated a hold rating and set a C$9.00 target price on shares of High Liner Foods in a research report on Friday, May 17th.

Shares of HLF opened at C$10.65 on Thursday. High Liner Foods has a 12-month low of C$6.19 and a 12-month high of C$11.08. The stock has a 50-day moving average price of C$9.71. The company has a current ratio of 2.59, a quick ratio of 0.68 and a debt-to-equity ratio of 122.11. The firm has a market cap of $355.53 million and a PE ratio of 21.34.

High Liner Foods (TSE:HLF) last issued 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 during the quarter, compared to analyst estimates of C$388.08 million. As a group, equities analysts forecast that High Liner Foods will post 0.78 earnings per share for the current fiscal year.

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

High Liner Foods Company Profile

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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