Horizon North Logistics (HNL) Downgraded to “Market Perform” at Raymond James Financial

Horizon North Logistics (TSE:HNL) was downgraded by research analysts at Raymond James Financial from an “outperform” rating to a “market perform” rating in a report released on Tuesday. They currently have a C$1.60 price objective on the stock, down from their previous price objective of C$2.15. Raymond James Financial’s price objective would suggest a potential upside of 3.23% from the company’s current price.

HNL has been the subject of a number of other research reports. National Bank Financial dropped their price objective on Horizon North Logistics from C$2.40 to C$1.90 and set an “outperform” rating for the company in a research note on Monday, December 11th. Beacon Securities reaffirmed a “buy” rating on shares of Horizon North Logistics in a research note on Wednesday, September 13th. Finally, Scotiabank set a C$1.50 price objective on Horizon North Logistics and gave the stock an “underperform” rating in a research note on Tuesday.

Shares of Horizon North Logistics (TSE:HNL) opened at C$1.55 on Tuesday. The company has a market capitalization of $224.25, a PE ratio of -19.38 and a beta of 1.34. Horizon North Logistics has a 1 year low of C$1.16 and a 1 year high of C$2.35.

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Horizon North Logistics Company Profile

Horizon North Logistics Inc (Horizon North) is a Canada-based is a remote resource development service company. The Company provides workforce accommodation solutions, camp management and catering services, and road and access matting solutions. The Company’s segments include Camps & Catering, Matting and Corporate.

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