High Liner Foods (TSE:HLF) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

High Liner Foods (TSE:HLF) had its target price increased by analysts at Royal Bank of Canada from C$20.00 to C$21.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 10.70% from the company’s current price.

Several other analysts also recently issued reports on the company. Canaccord Genuity Group set a C$21.00 target price on High Liner Foods and gave the company a “buy” rating in a research note on Thursday, May 22nd. BMO Capital Markets boosted their target price on shares of High Liner Foods from C$19.00 to C$19.50 in a report on Thursday, May 22nd.

High Liner Foods Stock Performance

TSE:HLF traded up C$0.02 during trading hours on Monday, reaching C$18.97. The company had a trading volume of 16,720 shares, compared to its average volume of 26,556. The firm has a market cap of C$397.59 million, a price-to-earnings ratio of 6.73 and a beta of 0.89. The company has a current ratio of 2.66, a quick ratio of 0.38 and a debt-to-equity ratio of 55.83. High Liner Foods has a 52 week low of C$12.25 and a 52 week high of C$19.07. The firm’s 50 day moving average price is C$17.16 and its 200-day moving average price is C$16.33.

Insider Buying and Selling at High Liner Foods

In related news, insider High Liner Foods Incorporated sold 184,500 shares of the 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.