High Liner Foods (TSE:HLF) Given a C$21.00 Price Target by Canaccord Genuity Group Analysts

Canaccord Genuity Group set a C$21.00 price target on High Liner Foods (TSE:HLF) in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

High Liner Foods Stock Performance

TSE:HLF opened at C$16.92 on Tuesday. The company has a quick ratio of 0.38, a current ratio of 2.66 and a debt-to-equity ratio of 55.83. High Liner Foods has a fifty-two week low of C$12.25 and a fifty-two week high of C$17.50. The stock has a market cap of C$354.63 million, a PE ratio of 6.01 and a beta of 0.89. The firm’s fifty day simple moving average is C$16.66 and its 200-day simple moving average is C$15.75.

High Liner Foods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Saturday, March 15th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.68 annualized dividend and a yield of 4.02%. High Liner Foods’s dividend payout ratio (DPR) is currently 21.30%.

Insider Buying and Selling at High Liner Foods

In other High Liner Foods news, insider High Liner Foods Incorporated sold 184,500 shares of the firm’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of C$17.02, for a total transaction of C$3,140,190.00. 44.28% of the stock is currently owned by insiders.

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.