BMO Capital Markets Boosts Clearwater Seafoods (CLR) Price Target to C$4.50

Clearwater Seafoods (TSE:CLR) had its price objective lifted by BMO Capital Markets from C$3.75 to C$4.50 in a report published on Wednesday morning. BMO Capital Markets currently has a market perform rating on the stock.

Separately, Scotiabank reduced their price target on shares of Clearwater Seafoods from C$11.00 to C$5.50 and set an outperform rating on the stock in a research report on Wednesday, March 7th.

Shares of Clearwater Seafoods opened at C$4.97 on Wednesday, MarketBeat Ratings reports. Clearwater Seafoods has a one year low of C$3.94 and a one year high of C$12.03.

Clearwater Seafoods (TSE:CLR) last issued its quarterly earnings results on Tuesday, May 8th. The company reported C$0.01 EPS for the quarter. Clearwater Seafoods had a net margin of 11.97% and a return on equity of 34.92%. The business had revenue of C$120.07 million for the quarter, compared to analysts’ expectations of C$121.80 million.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Saturday, May 19th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, May 17th. This represents a $0.20 annualized dividend and a dividend yield of 4.02%.

In other Clearwater Seafoods news, Director Richard Lawrence Gillis Hood acquired 15,000 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The shares were purchased at an average price of C$4.25 per share, for a total transaction of C$63,750.00. Also, Director Brendan John Paddick acquired 5,800 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The shares were acquired at an average price of C$4.35 per share, for a total transaction of C$25,230.00. Insiders have bought 116,600 shares of company stock worth $525,374 in the last ninety days.

About Clearwater Seafoods

Clearwater Seafoods Incorporated, through its investment in Clearwater Seafoods Limited Partnership, harvests, processes, markets, and distributes seafood worldwide. Its seafood products include scallops, lobsters, clams, coldwater shrimps, crabs, ground fish, masago, langoustines, and whelks. The company was formerly known as Clearwater Seafoods Income Fund and changed its name to Clearwater Seafoods Incorporated in October 2011.

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