BMO Capital Markets Raises High Liner Foods (TSE:HLF) Price Target to C$16.40

High Liner Foods (TSE:HLF) had its target price raised by BMO Capital Markets from C$14.50 to C$16.40 in a research report released on Thursday,BayStreet.CA reports.

High Liner Foods Stock Performance

TSE:HLF opened at C$15.62 on Thursday. The firm’s fifty day simple moving average is C$14.39 and its 200-day simple moving average is C$13.63. The company has a quick ratio of 0.38, a current ratio of 2.88 and a debt-to-equity ratio of 61.80. The stock has a market cap of C$467.51 million, a PE ratio of 8.09 and a beta of 0.89. High Liner Foods has a fifty-two week low of C$10.67 and a fifty-two week high of C$16.23.

High Liner Foods Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st were paid a dividend of $0.17 per share. This is a positive change from High Liner Foods’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, November 29th. This represents a $0.68 annualized dividend and a dividend yield of 4.35%. High Liner Foods’s payout ratio is 31.09%.

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.