Horizon North Logistics (HNL) Rating Reiterated by GMP Securities

GMP Securities reissued their buy rating on shares of Horizon North Logistics (TSE:HNL) in a research report released on Tuesday morning. The firm currently has a C$2.50 target price on the stock.

Several other equities analysts have also weighed in on HNL. AltaCorp Capital reiterated an outperform rating on shares of Horizon North Logistics in a report on Thursday, September 27th. National Bank Financial upped their price objective on shares of Horizon North Logistics from C$3.50 to C$3.80 and gave the company an outperform rating in a report on Wednesday, October 3rd. Raymond James upgraded shares of Horizon North Logistics from an underperform rating to a market perform rating and upped their price objective for the company from C$2.00 to C$2.50 in a report on Wednesday, October 31st. Finally, TD Securities upped their price objective on shares of Horizon North Logistics from C$3.50 to C$3.75 and gave the company a buy rating in a report on Friday, November 2nd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Horizon North Logistics presently has an average rating of Buy and an average price target of C$2.91.

Shares of TSE HNL opened at C$1.91 on Tuesday. Horizon North Logistics has a 1-year low of C$1.48 and a 1-year high of C$3.27. The company has a debt-to-equity ratio of 7.38, a quick ratio of 1.80 and a current ratio of 2.07.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Tuesday, January 15th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend is Friday, December 28th. Horizon North Logistics’s payout ratio is presently -88.89%.

In other news, Director Dale E. Tremblay sold 58,900 shares of the business’s stock in a transaction dated Thursday, December 13th. The shares were sold at an average price of C$1.60, for a total transaction of C$94,240.00.

About Horizon North Logistics

Horizon North Logistics Inc provides industrial, commercial, and residential products and services in Canada and the United States. The company's Industrial Services division supplies workforce accommodations, camp management services, access solutions, relocatable structures, and maintenance and utilities services.

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Analyst Recommendations for Horizon North Logistics (TSE:HNL)

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