High Liner Foods (TSE:HLF) Given a C$20.00 Price Target by Royal Bank Of Canada Analysts

Key Points

• Royal Bank Of Canada has set a price target of C$20.00 for High Liner Foods (TSE:HLF), indicating a potential upside of 17.86% from its previous close.
• Other analysts have also issued targets, with Canaccord Genuity at C$21.00 and BMO Capital Markets at C$20.50, contributing to a consensus price target of C$20.88.
• High Liner Foods' stock recently traded up 5.4%, reaching C$16.97 during trading hours, with a market cap of C$492.62 million.

Royal Bank Of Canada set a C$20.00 target price on High Liner Foods (TSE:HLF - Free Report) in a research report report published on Thursday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

A number of other brokerages have also recently weighed in on HLF. Raymond James Financial set a C$22.00 price objective on shares of High Liner Foods and gave the company an "outperform" rating in a report on Tuesday, June 17th. BMO Capital Markets upgraded shares of High Liner Foods from a "hold" rating to an "outperform" rating and set a C$20.50 price target for the company in a research note on Thursday. Finally, Canaccord Genuity Group set a C$21.00 target price on High Liner Foods and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$20.88.

High Liner Foods Trading Down 0.7%

Shares of HLF traded down C$0.12 during midday trading on Thursday, hitting C$16.75. 36,250 shares of the stock were exchanged, compared to its average volume of 24,601. High Liner Foods has a 52-week low of C$12.25 and a 52-week high of C$19.07. The stock has a fifty day simple moving average of C$16.67 and a 200 day simple moving average of C$17.13. The firm has a market cap of C$486.24 million, a P/E ratio of 10.47 and a beta of 0.69. The company has a debt-to-equity ratio of 55.83, a quick ratio of 0.38 and a current ratio of 2.66.

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.