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BMO Capital Sticks to Their Hold Rating for High Liner Foods (HLF)


High Liner Foods (HLF) has received a rating update from a Wall Street analyst yesterday. Analyst Jonathan Lamers from BMO Capital rated High Liner Foods (HLF) a Hold, setting a C$5.75 price target.

According to TipRanks.com, Lamers is ranked #1694 out of 4912 analysts.

Currently, the analyst consensus on High Liner Foods is a Hold with an average price target of C$6.58, representing a -6.3% downside. In a report released yesterday, Scotiabank also reiterated a Hold rating on the stock with a C$6 price target.

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Based on High Liner Foods’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$3.62 million. In comparison, last year the company had a net profit of C$7.57 million.

High Liner Foods, Inc. engages in the processing and marketing of prepared and packaged frozen seafood products. It also markets its products under the brands High Liner, Icelandic Seafood, FPI, Viking, Mirabel, American Pride Seafood, Fisher Boy, Sea Cuisine, and 40 Fathoms. The company was founded in 1967 and is headquartered in Lunenburg, Canada.

The company’s shares closed on Thursday at C$7.02, close to its 52-week low of C$6.35.