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

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 price target on High Liner Foods (TSE:HLF - Free Report) in a research report sent to investors on Thursday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Other research analysts have also issued research reports about the company. Raymond James Financial set a C$22.00 target price on High Liner Foods and gave the company an "outperform" rating in a report on Tuesday, June 17th. BMO Capital Markets upgraded High Liner Foods from a "hold" rating to an "outperform" rating and set a C$20.50 target price for the company in a research report on Thursday. Finally, Canaccord Genuity Group set a C$21.00 price target on High Liner Foods and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, High Liner Foods presently has a consensus rating of "Moderate Buy" and an average target price of C$20.88.

High Liner Foods Stock Down 0.2%

TSE:HLF traded down C$0.04 during trading hours on Thursday, hitting C$16.71. 20,282 shares of the company traded hands, compared to its average volume of 24,577. High Liner Foods has a one year low of C$12.25 and a one year high of C$19.07. The company has a market cap of C$485.07 million, a PE ratio of 10.44 and a beta of 0.69. The firm's 50-day simple moving average is C$16.65 and its 200-day simple moving average is C$17.13. The company has a quick ratio of 0.38, a current ratio of 2.66 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.