BMO Capital Markets Upgrades High Liner Foods (TSE:HLF) to Outperform

Key Points

• High Liner Foods has been upgraded by BMO Capital Markets from "market perform" to "outperform," with a price target of C$20.50, indicating a potential upside of 20.80% from its current value.
• Other analysts, including Raymond James and Canaccord Genuity, have also issued positive ratings, setting price targets of C$22.00 and C$21.00, respectively.
• As of Thursday, High Liner Foods shares were trading at C$16.97, reflecting a market cap of C$492.62 million and a P/E ratio of 10.61.

High Liner Foods (TSE:HLF - Get Free Report) was upgraded by equities researchers at BMO Capital Markets from a "hold" rating to an "outperform" rating in a research note issued on Thursday, MarketBeat Ratings reports. The firm presently has a C$20.50 target price on the stock. BMO Capital Markets' target price would indicate a potential upside of 22.39% from the company's previous close.

A number of other analysts also recently issued reports on the stock. Raymond James Financial set a C$22.00 price target on shares of High Liner Foods and gave the stock an "outperform" rating in a report on Tuesday, June 17th. Royal Bank Of Canada upped their target price on shares of High Liner Foods from C$20.00 to C$21.00 and gave the company a "sector perform" rating in a report on Monday, June 9th. Finally, Canaccord Genuity Group set a C$21.00 price target on shares of High Liner Foods and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, High Liner Foods has a consensus rating of "Moderate Buy" and an average target price of C$20.88.

High Liner Foods Stock Performance

Shares of TSE HLF traded down C$0.12 during mid-day trading on Thursday, hitting C$16.75. The stock had a trading volume of 36,250 shares, compared to its average volume of 24,601. The company has a 50 day moving average of C$16.67 and a two-hundred day moving average of C$17.11. The firm has a market cap of C$486.24 million, a PE 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 has a twelve month low of C$12.25 and a twelve month high of C$19.07.

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.