Highlights
- Raymond James projects a 20.42% upside from High Liner’s last closing price of C$18.27
- RBC and BMO also revised target prices upward, reflecting broader analyst optimism
- High Liner Foods' debt-to-equity remains elevated at 55.83, suggesting leverage remains a watch point
Raymond James has initiated coverage on High Liner Foods (TSE: HLF) with an “Outperform” rating and a price target of C$22.00. The price target implies a potential gain of approximately 20% from the stock’s most recent close at C$18.27.
This rating aligns with a recent trend of upward revisions among major Canadian brokerages. Earlier in May, BMO Capital Markets adjusted its target price on High Liner shares from C$19.00 to C$19.50. Similarly, Royal Bank of Canada (RBC) raised its estimate from C$20.00 to C$21.00 while assigning a “sector perform” rating. Canaccord Genuity Group has also weighed in, maintaining a “buy” rating and setting its target at C$21.00.
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