BMO Capital Markets Lowers High Liner Foods (HLF) Price Target to C$7.25

High Liner Foods (TSE:HLF) had its target price dropped by equities researchers at BMO Capital Markets from C$10.75 to C$7.25 in a research report issued on Wednesday. BMO Capital Markets’ price target suggests a potential upside of 8.70% from the company’s previous close.

Several other equities analysts also recently commented on HLF. Cormark cut their target price on High Liner Foods from C$10.00 to C$7.00 in a research report on Wednesday. Scotiabank cut their price objective on High Liner Foods from C$13.00 to C$10.50 and set a “sector perform” rating for the company in a research report on Thursday, May 10th. Finally, Royal Bank of Canada cut their price objective on High Liner Foods from C$13.00 to C$12.00 and set a “sector perform” rating for the company in a research report on Thursday, May 10th.

High Liner Foods stock opened at C$6.67 on Wednesday. High Liner Foods has a one year low of C$6.51 and a one year high of C$15.67.

In other High Liner Foods news, Director Schaayk Frank Bernard Har Van acquired 4,000 shares of the business’s stock in a transaction on Thursday, May 24th. The stock was purchased at an average price of C$10.80 per share, for a total transaction of C$43,200.00. Also, Director Robert P. Dexter acquired 10,000 shares of the business’s stock in a transaction on Tuesday, June 5th. The stock was acquired at an average price of C$10.59 per share, with a total value of C$105,900.00. In the last quarter, insiders acquired 17,600 shares of company stock valued at $173,220.

High Liner Foods Company Profile

High Liner Foods Incorporated engages in the processing and marketing of prepared and packaged frozen seafood products in the United States and Canada. The company provides a range of frozen seafood products, such as raw fillets and shellfishes; cooked shellfishes; and value-added products comprising sauced, glazed, breaded, and battered seafood products, as well as seafood entrées.

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