RBC Dominion Securities Forecasts Strong Price Appreciation for High Liner Foods (TSE:HLF) Stock

Key Points

• RBC Dominion Securities raised High Liner Foods’ price target to C$27.00 from C$18.00 while maintaining a “sector perform” rating, implying roughly 0.82% upside from the reported share price.
• Analyst sentiment remains cautious: Ventum Capital set a C$16.50 target with a “neutral” rating, while six analysts rate the stock “Hold.” The consensus target is C$21.69.
• High Liner Foods shares traded near their 12-month high at C$26.78, while the company reported quarterly EPS of C$0.63 on revenue of C$382.35 million; analysts expect full-year EPS of C$1.99.

High Liner Foods (TSE:HLF - Get Free Report) had its price target raised by equities researchers at RBC Dominion Securities from C$18.00 to C$27.00 in a research note issued on Tuesday, BayStreet reports. The brokerage presently has a "sector perform" rating on the stock. RBC Dominion Securities's price objective would suggest a potential upside of 0.82% from the company's current price.

Separately, Ventum Capital set a C$16.50 target price on shares of High Liner Foods and gave the stock a "neutral" rating in a research report on Wednesday, October 21st. Six investment analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of C$21.69.

High Liner Foods Stock Up 0.1%

Shares of TSE HLF traded up C$0.02 on Tuesday, hitting C$26.78. The company had a trading volume of 315,786 shares, compared to its average volume of 39,518. The company has a quick ratio of 0.38, a current ratio of 2.29 and a debt-to-equity ratio of 80.12. High Liner Foods has a 12-month low of C$13.13 and a 12-month high of C$26.83. The firm has a market capitalization of C$749.97 million, a P/E ratio of 30.43 and a beta of 0.57. The business has a 50 day moving average of C$14.86 and a two-hundred day moving average of C$14.87.

High Liner Foods (TSE:HLF - Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported C$0.63 EPS for the quarter. The business had revenue of C$382.35 million for the quarter. High Liner Foods had a return on equity of 6.30% and a net margin of 2.30%. During the same quarter in the previous year, the business posted $0.28 earnings per share. As a group, equities research analysts forecast that High Liner Foods will post 1.99 earnings per share for the current fiscal year.

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. They also sell branded products under the High Liner, Icelandic Seafood, and FPI labels to restaurants and institutions, and are a major supplier of private-label, value-added frozen seafood products to North American food retailers and foodservice distributors.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.