Maple Leaf Foods (TSE:MFI) Price Target Lowered to C$33.00 at BMO Capital Markets

Maple Leaf Foods (TSE:MFI) had its price target lowered by equities researchers at BMO Capital Markets from C$35.00 to C$33.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential upside of 37.84% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Scotiabank decreased their price objective on Maple Leaf Foods from C$35.00 to C$32.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 8th. TD Securities decreased their price objective on Maple Leaf Foods from C$47.00 to C$43.00 and set a “buy” rating on the stock in a report on Thursday, October 2nd. CIBC decreased their price objective on Maple Leaf Foods from C$36.00 to C$35.00 in a report on Thursday. Stifel Nicolaus upped their price target on Maple Leaf Foods from C$36.50 to C$40.50 and gave the stock a “buy” rating in a research note on Friday, August 8th. Finally, Royal Bank Of Canada cut their price objective on Maple Leaf Foods from C$38.00 to C$34.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$35.56.

Maple Leaf Foods Stock Performance

TSE:MFI traded down C$0.98 during mid-day trading on Thursday, hitting C$23.94. 244,504 shares of the company traded hands, compared to its average volume of 232,211. The firm has a market cap of C$2.98 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 18.07 and a beta of 0.79. The company has a quick ratio of 0.54, a current ratio of 1.26 and a debt-to-equity ratio of 130.19. The stock’s fifty day moving average price is C$31.83 and its 200-day moving average price is C$29.89. Maple Leaf Foods has a one year low of C$19.61 and a one year high of C$36.35.

Insider Transactions at Maple Leaf Foods

In other Maple Leaf Foods news, insider Olajumoke Fagbemi purchased 2,651 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were bought at an average price of C$35.71 per share, for a total transaction of C$94,665.62. Following the purchase, the insider directly owned 2,679 shares in the company, valued at C$95,665.48. This trade represents a 9,467.86% increase in their position. Also, insider Andreas Liris sold 1,000 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of C$34.77, for a total value of C$34,770.00. Following the completion of the sale, the insider directly owned 14,001 shares of the company’s stock, valued at C$486,814.77. This represents a 6.67% decrease in their ownership of the stock. 39.87% of the stock is owned by corporate insiders.

Maple Leaf Foods Company Profile

Maple Leaf Foods Inc is a consumer-packaged meats company. It produces prepared meats and meals, fresh pork, and poultry and turkey products. The company also has agribusiness operations. These operations supply livestock to the meat products business operations. Its main markets are Canada, the United States, Japan, and China.