High Liner Foods (TSE:HLF) had its price objective lowered by Scotiabank from C$14.50 to C$14.00 in a research report report published on Wednesday, BayStreet.CA reports.
Several other analysts have also recently weighed in on HLF. BMO Capital Markets upped their price objective on shares of High Liner Foods from C$11.00 to C$14.50 in a research note on Thursday, February 25th. Royal Bank of Canada restated a sector perform rating and set a C$13.00 price target on shares of High Liner Foods in a research report on Wednesday.
Shares of HLF stock opened at C$13.19 on Wednesday. The stock’s fifty day simple moving average is C$13.47 and its 200 day simple moving average is C$12.20. High Liner Foods has a one year low of C$5.26 and a one year high of C$14.13. The firm has a market cap of C$439.53 million and a price-to-earnings ratio of 11.62. The company has a debt-to-equity ratio of 87.05, a current ratio of 2.63 and a quick ratio of 0.91.
High Liner Foods (TSE:HLF) last issued its quarterly earnings data on Wednesday, February 24th. The company reported C$0.38 earnings per share (EPS) for the quarter. The company had revenue of C$258.61 million for the quarter, compared to the consensus estimate of C$266.50 million. On average, research analysts anticipate that High Liner Foods will post 1.1 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Monday, March 15th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend was Tuesday, March 2nd. High Liner Foods’s payout ratio is presently 16.13%.
In other news, Director Trevor Dale Hennigar sold 4,250 shares of the stock in a transaction that occurred on Wednesday, March 3rd. The shares were sold at an average price of C$13.34, for a total transaction of C$56,695.00.
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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