High Liner Foods (TSE:HLF) Given a C$16.50 Price Target at Ventum Capital

High Liner Foods (TSE:HLF) received a C$16.50 target price from equities researchers at Ventum Capital in a report released on Wednesday, BayStreet reports. The firm presently has a “neutral” rating on the stock. Ventum Capital’s price target suggests a potential upside of 10.07% from the company’s current price.

High Liner Foods Price Performance

Shares of High Liner Foods stock traded down C$0.03 during mid-day trading on Wednesday, reaching C$14.99. 9,216 shares of the stock were exchanged, compared to its average volume of 27,366. The company has a market cap of C$419.79 million, a price-to-earnings ratio of 17.03 and a beta of 0.57. The company has a current ratio of 2.29, a quick ratio of 0.38 and a debt-to-equity ratio of 80.12. The firm has a 50-day simple moving average of C$14.59 and a 200 day simple moving average of C$14.46. High Liner Foods has a fifty-two week low of C$13.13 and a fifty-two week high of C$17.60.

High Liner Foods (TSE:HLF) last announced its quarterly earnings results on Thursday, August 13th. The company reported C$0.63 earnings per share (EPS) for the quarter. The firm had revenue of C$382.35 million during the quarter. High Liner Foods had a net margin of 2.30% and a return on equity of 6.30%. During the same period in the prior year, the business earned $0.28 earnings per share. On average, sell-side analysts predict that High Liner Foods will post 1.99 EPS for the current fiscal year.

About High Liner Foods

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. They also sell branded products under the High Liner, Icelandic Seafood, and FPI labels to restaurants and institutions, and are a major supplier of private-label, value-added frozen seafood products to North American food retailers and foodservice distributors.