High Liner Foods (TSE:HLF) Sets New 12-Month Low After Analyst Downgrade

Shares of High Liner Foods Inc (TSE:HLF) hit a new 52-week low during trading on Tuesday after BMO Capital Markets lowered their price target on the stock from C$20.50 to C$17.50. The company traded as low as C$13.53 and last traded at C$13.71, with a volume of 32865 shares traded. The stock had previously closed at C$13.75.

HLF has been the subject of several other reports. Raymond James Financial cut High Liner Foods from a “moderate buy” rating to a “hold” rating and lowered their target price for the stock from C$22.00 to C$16.00 in a research note on Friday. Royal Bank Of Canada set a C$20.00 target price on shares of High Liner Foods and gave the stock a “sector perform” rating in a research note on Thursday, September 18th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$18.63.

High Liner Foods Stock Down 0.1%

The company has a quick ratio of 0.38, a current ratio of 2.66 and a debt-to-equity ratio of 55.83. The company has a market capitalization of C$395.92 million, a price-to-earnings ratio of 11.95 and a beta of 0.73. The firm has a 50 day moving average price of C$16.37 and a two-hundred day moving average price of C$17.10.

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.