High Liner Foods (HLF) Given New C$5.75 Price Target at BMO Capital Markets

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High Liner Foods (TSE:HLF) had its price target cut by BMO Capital Markets from C$7.25 to C$5.75 in a research note published on Friday.

Several other equities research analysts have also recently issued reports on the stock. Royal Bank of Canada lowered their price objective on shares of High Liner Foods from C$12.00 to C$8.00 in a research report on Wednesday, August 15th. Beacon Securities cut shares of High Liner Foods from a buy rating to a hold rating in a research report on Thursday, August 16th. Finally, Cormark lowered their price objective on shares of High Liner Foods from C$10.00 to C$7.00 in a research report on Wednesday, August 15th.

High Liner Foods stock traded down C$0.72 during trading hours on Friday, hitting C$6.30. The company had a trading volume of 650,500 shares, compared to its average volume of 95,359. The company has a debt-to-equity ratio of 137.02, a current ratio of 2.19 and a quick ratio of 0.61. High Liner Foods has a 1 year low of C$6.19 and a 1 year high of C$15.67.

High Liner Foods (TSE:HLF) last released its quarterly earnings data on Tuesday, August 14th. The company reported C$0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.33 by C($0.19). The business had revenue of C$316.60 million for the quarter, compared to the consensus estimate of C$351.10 million. Equities analysts forecast that High Liner Foods will post 0.660000039487182 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 15th. Stockholders of record on Saturday, December 15th will be issued a $0.145 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.58 annualized dividend and a dividend yield of 9.21%. High Liner Foods’s dividend payout ratio is currently 45.27%.

In other High Liner Foods news, Director Laurie Dean Hennigar purchased 10,000 shares of High Liner Foods stock in a transaction dated Tuesday, August 21st. The stock was acquired at an average price of C$7.31 per share, for a total transaction of C$73,100.00.

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.

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