In a new note to investors yesterday, an analyst has provided a rating update for the Consumer Goods sector company, High Liner Foods (HLF). BMO Capital’s analyst Jonathan Lamers reiterates their Hold rating on the shares, with a C$9 price target.
According to TipRanks.com, Lamers is ranked #435 out of 5183 analysts.
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High Liner Foods has an analyst consensus of Hold, with a price target consensus of C$8.25, implying a -2.4% downside from current levels. In a report issued on May 15, Scotiabank also reiterated a Hold rating on the stock with a C$7.50 price target.
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Based on High Liner Foods’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$19.62 million. In comparison, last year the company had a net profit of C$12.97 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$8.45.
