High Liner Foods (TSE:HLF) Upgraded at Raymond James Financial

Raymond James Financial upgraded shares of High Liner Foods (TSE:HLF) to a moderate buy rating in a research report released on Monday morning,Zacks.com reports.

Other analysts also recently issued reports about the stock. Royal Bank Of Canada lifted their price target on shares of High Liner Foods from C$20.00 to C$21.00 and gave the company a “sector perform” rating in a report on Monday, June 9th. BMO Capital Markets lifted their price objective on shares of High Liner Foods from C$19.00 to C$19.50 in a research note on Thursday, May 22nd. Finally, Canaccord Genuity Group set a C$21.00 price objective on shares of High Liner Foods and gave the stock a “buy” rating in a research note on Thursday, May 22nd.

High Liner Foods Stock Performance

Shares of TSE HLF opened at C$18.45 on Monday. The firm has a fifty day moving average price of C$17.47 and a 200-day moving average price of C$16.52. The company has a debt-to-equity ratio of 55.83, a current ratio of 2.66 and a quick ratio of 0.38. The stock has a market cap of C$386.69 million, a PE ratio of 6.55 and a beta of 0.89. High Liner Foods has a 1 year low of C$12.25 and a 1 year high of C$19.07.

Insider Buying and Selling at High Liner Foods

In other news, insider High Liner Foods Incorporated sold 184,500 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of C$17.02, for a total value of C$3,140,190.00. 44.28% of the stock is owned by corporate insiders.

About High Liner Foods

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.