BMO Capital Markets downgraded shares of High Liner Foods (TSE:HLF – Get Rating) from an outperform rating to a market perform rating in a research report released on Thursday, BayStreet.CA reports. BMO Capital Markets currently has C$13.00 target price on the stock, down from their prior target price of C$16.00.
Several other research firms have also recently issued reports on HLF. Royal Bank of Canada cut their price objective on shares of High Liner Foods from C$16.00 to C$15.00 and set a sector perform rating for the company in a research report on Thursday, February 24th. Scotiabank dropped their price target on shares of High Liner Foods from C$15.50 to C$14.00 in a research report on Thursday, February 24th.
High Liner Foods stock opened at C$11.09 on Thursday. High Liner Foods has a 12-month low of C$11.06 and a 12-month high of C$15.45. The stock has a market cap of C$369.63 million and a P/E ratio of 7.14. The company has a 50-day moving average price of C$12.72 and a 200 day moving average price of C$13.60. The company has a current ratio of 2.17, a quick ratio of 0.50 and a debt-to-equity ratio of 80.05.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Wednesday, March 2nd were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.61%. The ex-dividend date was Tuesday, March 1st. High Liner Foods’s payout ratio is 15.90%.
In other High Liner Foods news, insider High Liner Foods Incorporated acquired 27,900 shares of the stock in a transaction dated Thursday, March 3rd. The stock was acquired at an average price of C$12.70 per share, with a total value of C$354,330.00. Following the completion of the purchase, the insider now owns 27,900 shares in the company, valued at approximately C$354,330.
About High Liner Foods (Get Rating)
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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