Scotiabank upgraded shares of Horizon North Logistics (TSE:HNL) from an underperform rating to a sector perform rating in a research report sent to investors on Thursday morning. They currently have C$2.25 price objective on the stock, up from their prior price objective of C$1.50.
Other research analysts have also recently issued reports about the stock. National Bank Financial boosted their target price on shares of Horizon North Logistics from C$1.90 to C$2.40 and gave the stock an outperform rating in a research report on Wednesday. Raymond James Financial cut shares of Horizon North Logistics from an outperform rating to a market perform rating and reduced their target price for the stock from C$2.15 to C$1.60 in a research report on Tuesday, January 9th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Horizon North Logistics has an average rating of Buy and a consensus price target of C$2.08.
Horizon North Logistics (TSE HNL) traded up C$0.01 during midday trading on Thursday, hitting C$1.98. 335,792 shares of the stock were exchanged, compared to its average volume of 301,351. Horizon North Logistics has a twelve month low of C$1.16 and a twelve month high of C$2.02. The firm has a market capitalization of $273.24, a PE ratio of -24.63 and a beta of 1.31.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Saturday, March 31st will be paid a $0.02 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 4.04%. Horizon North Logistics’s dividend payout ratio (DPR) is presently -100.00%.
COPYRIGHT VIOLATION WARNING: “Horizon North Logistics (HNL) Upgraded by Scotiabank to “Sector Perform”” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece on another domain, it was illegally copied and republished in violation of international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.dispatchtribunal.com/2018/03/16/horizon-north-logistics-hnl-upgraded-by-scotiabank-to-sector-perform.html.
About Horizon North Logistics
Horizon North Logistics Inc (Horizon North) is a Canada-based is a remote resource development service company. The Company provides workforce accommodation solutions, camp management and catering services, and road and access matting solutions. The Company’s segments include Camps & Catering, Matting and Corporate.
Receive News & Ratings for Horizon North Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Horizon North Logistics and related companies with MarketBeat.com's FREE daily email newsletter.