High Liner Foods (TSE:HLF) Share Price Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• High Liner Foods' share price has recently crossed above its 200-day moving average at C$17.11, reaching a high of C$17.20 during trading.
• Analysts have set target prices for the stock, with Canaccord Genuity's target at C$21.00 and Raymond James Financial at C$22.00, indicating a general "buy" rating.
• The company holds a market cap of C$489.72 million and has a debt-to-equity ratio of 55.83, reflecting its financial stability amidst growth prospects.

High Liner Foods Inc (TSE:HLF - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$17.11 and traded as high as C$17.20. High Liner Foods shares last traded at C$16.87, with a volume of 117,272 shares traded.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Royal Bank Of Canada set a C$20.00 target price on High Liner Foods and gave the stock a "sector perform" rating in a research note on Thursday. 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 research note on Tuesday, June 17th. Finally, BMO Capital Markets upgraded shares of High Liner Foods from a "hold" rating to an "outperform" rating and set a C$20.50 target price on the stock in a research report on Thursday. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of C$20.88.

High Liner Foods Stock Down 0.2%

The company has a 50-day moving average of C$16.65 and a two-hundred day moving average of 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. The company has a market capitalization of C$485.07 million, a P/E ratio of 10.44 and a beta of 0.69.

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.