Horizon North Logistics (HNL) Upgraded by Scotiabank to “Sector Perform”

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%.

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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.

Analyst Recommendations for Horizon North Logistics (TSE:HNL)

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