High Liner Foods (TSE:HLF) Upgraded at BMO Capital Markets

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 investment analysts at BMO Capital Markets from a "hold" rating to an "outperform" rating in a research note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage currently has a C$20.50 price objective on the stock. BMO Capital Markets' target price indicates a potential upside of 22.68% from the company's previous close.

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

High Liner Foods Trading Down 0.2%

High Liner Foods stock traded down C$0.04 during mid-day trading on Thursday, hitting C$16.71. The company's stock had a trading volume of 20,282 shares, compared to its average volume of 24,577. The company has a current ratio of 2.66, a quick ratio of 0.38 and a debt-to-equity ratio of 55.83. The stock's fifty day moving average is C$16.65 and its two-hundred day moving average is C$17.13. 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 capitalization of C$485.07 million, a PE 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.