The Globe and Mail reports in its Wednesday, June 18, edition that Raymond James analyst Steve Hansen commenced coverage on High Liner Foods with an "outperform" recommendation and a $22 share target, with matches the consensus. The Globe's David Leeder writes in the Eye On Equities column that Mr. Hansen says High Liner Foods offers investors "compelling growth at a very reasonable price option in the Canadian small-cap landscape." Mr. Hansen says in a note: "Management has a communicated growth strategy with focuses on organic growth (with an emphasis on the U.S. market) which will be coupled with opportunistic M&A. This growth is coupled with the ability to pay an attractive dividend (current yield is 3.6 per cent) and pursue share repurchases (note that High Liner repurchased 1.37 million or approximately 4.5 per cent of shares outstanding over the past year). The market values the name at a very compelling 2026E P/E of 7.8 times (representing a PEG ratio of 0.83 times), a valuation we view as extremely reasonable in the context of: 1. Where consumer peers trade; 2. A very shareholder-friendly capital allocation policy."