High Liner Foods (TSE:HLF) Price Target Raised to C$16.40

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

High Liner Foods Stock Performance

HLF stock opened at C$15.64 on Thursday. The company has a 50 day moving average price of C$14.44 and a 200 day moving average price of C$13.65. High Liner Foods has a fifty-two week low of C$10.75 and a fifty-two week high of C$16.23. The company has a debt-to-equity ratio of 61.80, a current ratio of 2.88 and a quick ratio of 0.38. The stock has a market capitalization of C$468.11 million, a PE ratio of 8.10 and a beta of 0.89.

High Liner Foods Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Sunday, December 1st were issued a $0.17 dividend. This is a boost from High Liner Foods’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.68 annualized dividend and a yield of 4.35%. High Liner Foods’s dividend payout ratio (DPR) is currently 31.09%.

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.