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.

High Liner Foods (TSE:HLF - Get Free Report) has been given a C$20.00 price target by analysts at Royal Bank Of Canada in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the stock. Royal Bank Of Canada's price target indicates a potential upside of 17.86% from the stock's previous close.

Several other equities research analysts have also recently commented on the company. 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. BMO Capital Markets raised High Liner Foods from a "market perform" rating to an "outperform" rating and set a C$20.50 target price for the company in a research note on Thursday. Finally, Raymond James Financial set a C$22.00 target price on High Liner Foods and gave the stock an "outperform" rating in a research note on Tuesday, June 17th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$20.88.

High Liner Foods Trading Up 5.4%

TSE HLF traded up C$0.87 during trading hours on Thursday, hitting C$16.97. 94,658 shares of the company's stock were exchanged, compared to its average volume of 24,406. The stock has a 50-day simple moving average of C$16.73 and a 200 day simple moving average of C$17.10. High Liner Foods has a 1-year low of C$12.25 and a 1-year high of C$19.07. The firm has a market cap of C$492.62 million, a price-to-earnings ratio of 10.61 and a beta of 0.69. The company has a current ratio of 2.66, a quick ratio of 0.38 and a debt-to-equity ratio of 55.83.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.