The stock of High Liner Foods Inc (TSE:HLF) hit a new 52-week high and has $45.29 target or 69.00% above today’s $26.80 share price. The 9 months bullish chart indicates low risk for the $852.75 million company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $45.29 price target is reached, the company will be worth $588.40 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 6,321 shares traded hands. 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.
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 -5.15% below today’s ($26.8) stock price. High Liner Foods Incorporated has been the topic of 12 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating given on Thursday, August 6 by RBC Capital Markets.
More recent High Liner Foods Inc (TSE:HLF) news were published by: Wsj.com which released: “High Liner Foods to Close Massachusetts Plant” on January 09, 2015. Also Reuters.com published the news titled: “BRIEF-Blue Harvest Fisheries LLC to acquire High Liner Foods’ scallop busi…” on September 12, 2016. Bizjournals.com‘s news article titled: “Frozen-seafood company to shutter plant, cut 200 jobs in New Bedford” with publication date: February 18, 2016 was also an interesting one.
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 $852.75 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 19.53 P/E ratio. Wirthy & Co. brands.
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