Scotiabank Increases High Liner Foods Inc (HLF) Price Target to C$20.00

High Liner Foods Inc (TSE:HLF) had its target price lifted by equities researchers at Scotiabank from C$18.50 to C$20.00 in a research report issued to clients and investors on Thursday, May 11th. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price target would suggest a potential upside of 10.44% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on HLF. Royal Bank of Canada reaffirmed a “sector perform” rating and set a C$23.00 target price on shares of High Liner Foods in a research note on Tuesday, February 21st. BMO Capital Markets lowered their target price on shares of High Liner Foods from C$23.00 to C$18.50 and set a “sector perform” rating on the stock in a research note on Thursday, February 23rd.

Shares of High Liner Foods (TSE:HLF) opened at 18.11 on Thursday. The firm has a 50-day moving average of $19.12 and a 200 day moving average of $18.82. High Liner Foods has a 1-year low of $17.01 and a 1-year high of $27.62. The stock has a market capitalization of $559.40 million and a PE ratio of 19.06.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 15th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, May 30th. This represents a $0.56 annualized dividend and a dividend yield of 3.09%.

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About High Liner Foods

High Liner Foods Incorporated is a Canada-based company, which is engaged in the processing and marketing of frozen seafood products. The Company produces a range of products from breaded and battered items to seafood entrees, which are sold to North American food retailers and foodservice distributors.

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