BMO Capital Markets Issues Pessimistic Forecast for High Liner Foods (TSE:HLF) Stock Price

High Liner Foods (TSE:HLF) had its price target dropped by analysts at BMO Capital Markets from C$20.50 to C$17.50 in a research report issued on Monday,BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential upside of 28.21% from the company’s previous close.

A number of other research firms also recently commented on HLF. Royal Bank Of Canada set a C$20.00 price objective on High Liner Foods and gave the stock a “sector perform” rating in a research note on Thursday, September 18th. Raymond James Financial downgraded shares of High Liner Foods from a “moderate buy” rating to a “hold” rating and cut their price target for the company from C$22.00 to C$16.00 in a report on Friday, November 7th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$18.63.

High Liner Foods Price Performance

TSE HLF opened at C$13.65 on Monday. High Liner Foods has a 12 month low of C$13.53 and a 12 month high of C$19.07. The firm has a market capitalization of C$393.32 million, a PE ratio of 11.87 and a beta of 0.73. The company’s 50 day simple moving average is C$16.33 and its 200 day simple moving average is C$17.08. The company has a debt-to-equity ratio of 55.83, a current ratio of 2.66 and a quick ratio of 0.38.

High Liner Foods Company Profile

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.