Raymond James Trims Horizon North Logistics (TSE:HNL) Target Price to C$1.75

Horizon North Logistics (TSE:HNL) had its target price reduced by research analysts at Raymond James from C$2.50 to C$1.75 in a research report issued on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price target indicates a potential upside of 71.57% from the company’s previous close.

A number of other research analysts also recently commented on the company. National Bank Financial dropped their price target on Horizon North Logistics from C$2.75 to C$2.35 and set an “outperform” rating for the company in a research note on Thursday, August 15th. Cormark dropped their price target on Horizon North Logistics from C$4.00 to C$2.25 in a research note on Tuesday, August 6th. GMP Securities downgraded Horizon North Logistics from a “hold” rating to a “reduce” rating and dropped their price target for the company from C$2.00 to C$1.00 in a research note on Tuesday, August 6th. Finally, TD Securities dropped their price target on Horizon North Logistics from C$3.00 to C$2.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Horizon North Logistics presently has an average rating of “Buy” and a consensus price target of C$1.87.

HNL stock traded down C$0.07 during midday trading on Friday, reaching C$1.02. The company had a trading volume of 271,198 shares, compared to its average volume of 262,655. The company has a market capitalization of $181.96 million and a price-to-earnings ratio of -30.00. The stock has a 50 day moving average price of C$1.51 and a 200-day moving average price of C$1.89. Horizon North Logistics has a 1-year low of C$1.02 and a 1-year high of C$3.27. The company has a debt-to-equity ratio of 27.41, a current ratio of 1.49 and a quick ratio of 1.30.

Horizon North Logistics Company Profile

Horizon North Logistics Inc provides industrial, commercial, and residential products and services in Canada. The company operates in two segments, Industrial Services and Modular Solutions. The Industrial Services segment supplies workforce accommodations, camp management services, access solutions, relocatable structures, and maintenance and utilities services.

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Analyst Recommendations for Horizon North Logistics (TSE:HNL)

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