MTY Food Group (TSE:MTY) Price Target Raised to C$58.00 at TD Securities


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MTY Food Group (TSE:MTY) had its target price increased by equities researchers at TD Securities from C$56.00 to C$58.00 in a report issued on Monday, PriceTargets.com reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ price objective indicates a potential upside of 7.59% from the company’s previous close.

A number of other analysts have also commented on the company. Raymond James boosted their price objective on MTY Food Group from C$44.00 to C$47.00 and gave the stock a “market perform” rating in a report on Friday, February 19th. National Bank Financial cut their target price on MTY Food Group from C$57.00 to C$52.00 and set a “sector perform” rating on the stock in a research note on Friday, February 19th. National Bankshares boosted their target price on MTY Food Group from C$52.00 to C$55.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 7th. Scotiabank boosted their target price on MTY Food Group from C$47.00 to C$50.00 in a research note on Friday, February 19th. Finally, CIBC boosted their target price on MTY Food Group from C$63.00 to C$64.00 and gave the stock a “strong-buy” rating in a research note on Monday. Five investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of C$56.79.

Shares of MTY opened at C$53.91 on Monday. The company has a debt-to-equity ratio of 174.98, a quick ratio of 0.52 and a current ratio of 0.57. The stock has a 50 day moving average price of C$54.21 and a two-hundred day moving average price of C$49.79. The firm has a market capitalization of C$1.33 billion and a P/E ratio of -35.94. MTY Food Group has a 52 week low of C$17.03 and a 52 week high of C$58.87.

MTY Food Group (TSE:MTY) last issued its quarterly earnings data on Thursday, February 18th. The company reported C$0.81 EPS for the quarter. The company had revenue of C$127.16 million for the quarter, compared to the consensus estimate of C$142.40 million. On average, equities analysts forecast that MTY Food Group will post 3.1500001 earnings per share for the current 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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Analyst Recommendations for MTY Food Group (TSE:MTY)

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