Raymond James Increases Horizon North Logistics (TSE:HNL) Price Target to C$4.50

Share on StockTwits

Horizon North Logistics (TSE:HNL) had its target price raised by Raymond James from C$0.75 to C$4.50 in a research report sent to investors on Monday, BayStreet.CA reports. Raymond James currently has a market perform rating on the stock.

Other research analysts have also recently issued research reports about the stock. Scotiabank raised shares of Horizon North Logistics from a sector perform rating to an outperform rating in a report on Wednesday, June 24th. TD Securities raised their target price on shares of Horizon North Logistics from C$0.45 to C$0.50 and gave the stock a hold rating in a report on Tuesday, May 12th.

Shares of Horizon North Logistics stock opened at C$4.97 on Monday. The company has a debt-to-equity ratio of 50.85, a current ratio of 2.02 and a quick ratio of 1.66. The firm has a fifty day moving average price of C$2.90 and a 200 day moving average price of C$1.18. Horizon North Logistics has a 1 year low of C$1.30 and a 1 year high of C$6.50. The stock has a market cap of $227.69 million and a PE ratio of -18.07.

In other news, Director Kevin Drew Nabholz acquired 200,000 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was bought at an average price of C$0.60 per share, with a total value of C$119,400.00. Following the completion of the acquisition, the director now owns 200,000 shares of the company’s stock, valued at C$119,400. Also, Director Roderick William Graham acquired 50,000 shares of the business’s stock in a transaction on Monday, June 1st. The stock was purchased at an average cost of C$0.60 per share, with a total value of C$30,000.00. Following the acquisition, the director now directly owns 133,500 shares of the company’s stock, valued at approximately C$80,100. Insiders acquired 292,000 shares of company stock valued at $177,935 in the last ninety days.

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.

Recommended Story: Should you buy a closed-end mutual fund?

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.

Leave a Reply