High Liner Foods (TSE:HLF) Given a C$15.50 Price Target by Ventum Financial Analysts

High Liner Foods (TSE:HLF) has been given a C$15.50 target price by equities researchers at Ventum Financial in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. Ventum Financial’s price target would suggest a potential upside of 13.64% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the company. ATB Cormark Capital Markets dropped their price target on High Liner Foods from C$24.00 to C$19.50 and set a “speculative buy” rating on the stock in a research note on Monday, April 6th. Raymond James Financial decreased their price objective on shares of High Liner Foods from C$17.00 to C$15.00 and set a “market perform” rating for the company in a research report on Wednesday, April 15th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, High Liner Foods presently has a consensus rating of “Moderate Buy” and a consensus price target of C$18.08.

High Liner Foods Stock Performance

Shares of HLF opened at C$13.64 on Wednesday. High Liner Foods has a 12 month low of C$13.13 and a 12 month high of C$19.07. The stock has a fifty day moving average price of C$15.17 and a 200-day moving average price of C$15.10. The company has a current ratio of 2.18, a quick ratio of 0.38 and a debt-to-equity ratio of 73.59. The firm has a market cap of C$384.65 million, a PE ratio of 11.18 and a beta of 0.64.

High Liner Foods (TSE:HLF) last announced its earnings results on Wednesday, February 25th. The company reported C$0.36 earnings per share for the quarter. High Liner Foods had a return on equity of 8.89% and a net margin of 3.56%.The firm had revenue of C$355.65 million for the quarter. Equities research analysts predict that High Liner Foods will post 1.9858934 earnings per share for the current fiscal year.

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. They also sell branded products under the High Liner, Icelandic Seafood, and FPI labels to restaurants and institutions, and are a major supplier of private-label, value-added frozen seafood products to North American food retailers and foodservice distributors.