National Bank Financial Trims Horizon North Logistics (TSE:HNL) Target Price to C$2.35

Horizon North Logistics (TSE:HNL) had its price objective lowered by equities researchers at National Bank Financial from C$2.75 to C$2.35 in a research report issued on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective suggests a potential upside of 113.64% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on the company. Raymond James restated an “outperform” rating and issued a C$2.50 price target on shares of Horizon North Logistics in a report on Tuesday, August 6th. TD Securities decreased 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 report on Tuesday, August 6th. GMP Securities cut Horizon North Logistics from a “hold” rating to a “reduce” rating and decreased their price target for the stock from C$2.00 to C$1.00 in a report on Tuesday, August 6th. Finally, Cormark decreased their price target on Horizon North Logistics from C$4.00 to C$2.25 in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Horizon North Logistics currently has a consensus rating of “Buy” and a consensus target price of C$2.02.

TSE HNL remained flat at $C$1.10 on Thursday. The company’s stock had a trading volume of 194,289 shares, compared to its average volume of 260,841. The company has a market capitalization of $185.27 million and a price-to-earnings ratio of -32.35. Horizon North Logistics has a 52-week low of C$1.07 and a 52-week high of C$3.27. The firm’s 50-day moving average price is C$1.63. 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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