High Liner Foods (TSE:HLF) Upgraded by Royal Bank of Canada to “Hold” Rating

High Liner Foods (TSE:HLF) was upgraded by analysts at Royal Bank of Canada to a “hold” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

Several other brokerages have also commented on HLF. BMO Capital Markets boosted their price target on High Liner Foods from C$19.00 to C$19.50 in a research note on Thursday. Canaccord Genuity Group set a C$21.00 price objective on High Liner Foods and gave the stock a “buy” rating in a report on Thursday.

High Liner Foods Stock Up 0.6%

Shares of TSE HLF opened at C$18.27 on Friday. The stock has a market capitalization of C$382.92 million, a price-to-earnings ratio of 6.48 and a beta of 0.89. High Liner Foods has a 52 week low of C$12.25 and a 52 week high of C$18.28. The firm has a 50-day moving average price of C$16.94 and a 200 day moving average price of C$16.03. The company has a quick ratio of 0.38, a current ratio of 2.66 and a debt-to-equity ratio of 55.83.

Insider Buying and Selling

In other news, insider High Liner Foods Incorporated sold 184,500 shares of the firm’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 transaction of C$3,140,190.00. Insiders own 44.28% of the company’s stock.

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.