Royal Bank of Canada upgraded shares of High Liner Foods (TSE:HLF - Free Report) to a hold rating in a research note issued to investors on Friday,Zacks.com reports.
Other analysts also recently issued research reports about the stock. BMO Capital Markets upped their price target on shares of High Liner Foods from C$19.00 to C$19.50 in a research report on Thursday, May 22nd. Canaccord Genuity Group set a C$21.00 price objective on shares of High Liner Foods and gave the company a "buy" rating in a research note on Thursday, May 22nd.
Check Out Our Latest Stock Report on HLF
High Liner Foods Stock Performance
Shares of High Liner Foods stock traded down C$0.06 during trading on Friday, hitting C$18.14. 5,292 shares of the company's stock were exchanged, compared to its average volume of 26,774. The stock has a market capitalization of C$380.20 million, a price-to-earnings ratio of 6.44 and a beta of 0.89. The company has a debt-to-equity ratio of 55.83, a quick ratio of 0.38 and a current ratio of 2.66. The business has a 50-day simple moving average of C$17.04 and a 200-day simple moving average of C$16.15. High Liner Foods has a 52-week low of C$12.25 and a 52-week high of C$18.28.
High Liner Foods Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Saturday, March 15th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend was Wednesday, March 5th. High Liner Foods's payout ratio is currently 21.30%.
Insiders Place Their Bets
In other High Liner Foods news, insider High Liner Foods Incorporated sold 184,500 shares of High Liner Foods stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of C$17.02, for a total transaction of C$3,140,190.00. 44.28% of the stock is owned by company insiders.
About High Liner Foods
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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.
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