CIBC Reiterates Outperform Rating for MTY Food Group (TSE:MTY)


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MTY Food Group (TSE:MTY)‘s stock had its “outperform” rating reiterated by analysts at CIBC in a research note issued to investors on Tuesday, Stock Target Advisor reports. They presently have a C$63.00 target price on the stock. CIBC’s target price indicates a potential upside of 13.29% from the company’s previous close.

A number of other equities research analysts have also weighed in on MTY. TD Securities lifted their price objective on MTY Food Group from C$45.00 to C$56.00 and gave the company a “hold” rating in a report on Friday, January 8th. Scotiabank upped their price objective on MTY Food Group from C$47.00 to C$50.00 in a report on Friday, February 19th. National Bank Financial reduced their target price on MTY Food Group from C$57.00 to C$52.00 and set a “sector perform” rating for the company in a report on Friday, February 19th. Raymond James boosted their target price on shares of MTY Food Group from C$44.00 to C$47.00 and gave the stock a “market perform” rating in a research report on Friday, February 19th. Finally, Royal Bank of Canada increased their price target on shares of MTY Food Group from C$43.00 to C$47.00 and gave the company a “sector perform” rating in a report on Friday, February 19th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of C$52.86.

TSE:MTY opened at C$55.61 on Tuesday. The company has a debt-to-equity ratio of 174.98, a current ratio of 0.57 and a quick ratio of 0.52. The firm has a market cap of C$1.37 billion and a price-to-earnings ratio of -37.07. The firm’s fifty day moving average price is C$53.43 and its 200 day moving average price is C$49.17. MTY Food Group has a 1-year low of C$17.03 and a 1-year high of C$58.87.

MTY Food Group (TSE:MTY) last released its earnings results on Thursday, February 18th. The company reported C$0.81 EPS for the quarter. The firm had revenue of C$127.16 million during the quarter, compared to analyst estimates of C$142.40 million. As a group, analysts expect that MTY Food Group will post 3.11 earnings per share for the current fiscal year.

About MTY Food Group

MTY Food Group Inc franchises and operates quick service, fast casual, and casual dining restaurants in Canada, the United States, and internationally. The company franchises and operates corporate-owned locations in the quick service restaurant and casual dining segments of the restaurant industry; and sells retail products under a multitude of banners.

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