Horizon North Logistics (HNL) Given a C$1.50 Price Target by Scotiabank Analysts

Horizon North Logistics (TSE:HNL) received a C$1.50 price target from equities researchers at Scotiabank in a report released on Tuesday. The brokerage currently has an “underperform” rating on the stock. Scotiabank’s target price points to a potential downside of 2.60% from the company’s current price.

HNL has been the subject of several other reports. Raymond James Financial raised their target price on shares of Horizon North Logistics from C$2.00 to C$2.15 and gave the stock an “outperform” rating in a report on Friday, October 6th. National Bank Financial reduced their price target on shares of Horizon North Logistics from C$2.40 to C$1.90 and set an “outperform” rating for the company in a research report on Monday, December 11th. Finally, Beacon Securities reissued a “buy” rating on shares of Horizon North Logistics in a research report on Wednesday, September 13th.

Shares of Horizon North Logistics (HNL) traded up C$0.01 on Tuesday, hitting C$1.54. 145,689 shares of the company’s stock traded hands, compared to its average volume of 102,616. Horizon North Logistics has a one year low of C$1.16 and a one year high of C$2.35. The firm has a market capitalization of $221.35, a PE ratio of -19.25 and a beta of 1.34.

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About Horizon North Logistics

Horizon North Logistics Inc (Horizon North) is a Canada-based is a remote resource development service company. The Company provides workforce accommodation solutions, camp management and catering services, and road and access matting solutions. The Company’s segments include Camps & Catering, Matting and Corporate.

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