Could High Liner Foods Inc Recover After Today’s Huge Decline?

 Could High Liner Foods Inc Recover After Today's Huge Decline?

The stock of High Liner Foods Inc (TSE:HLF) is a huge mover today! About 67,161 shares traded hands or 62.03% up from the average. High Liner Foods Inc (TSE:HLF) has risen 82.07% since April 5, 2016 and is uptrending. It has outperformed by 77.29% the S&P500.
The move comes after 9 months negative chart setup for the $752.52 million company. It was reported on Nov, 9 by Barchart.com. We have $22.47 PT which if reached, will make TSE:HLF worth $37.63 million less.

High Liner Foods Inc (TSE:HLF) Ratings Coverage

Out of 3 analysts covering High Liner Foods Incorporated (TSE:HLF), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. $32 is the highest target while $16 is the lowest. The $25.42 average target is 7.48% above today’s ($23.65) stock price. High Liner Foods Incorporated has been the topic of 12 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock of High Liner Foods Inc (TSE:HLF) has “Sector Perform” rating given on Thursday, August 6 by RBC Capital Markets.

More news for High Liner Foods Inc (TSE:HLF) were recently published by: Wsj.com, which released: “High Liner Foods to Close Massachusetts Plant” on January 09, 2015. Reuters.com‘s article titled: “BRIEF-Blue Harvest Fisheries LLC to acquire High Liner Foods’ scallop busi…” and published on September 12, 2016 is yet another important article.

High Liner Foods Incorporated is a Canada firm engaged in processing and marketing of prepared and packaged frozen seafood products. The company has a market cap of $752.52 million. The Company’s retail branded products are sold across the United States, Canada and Mexico under the High Liner, Fisher Boy, Mirabel, Sea Cuisine and C. It has a 17.23 P/E ratio. Wirthy & Co. brands.

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