MTY Food Group (TSE:MTY) Price Target Raised to C$45.00

MTY Food Group (TSE:MTY) had its target price raised by TD Securities from C$37.00 to C$45.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ target price points to a potential upside of 4.63% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Scotiabank lifted their price target on MTY Food Group from C$41.00 to C$46.00 and gave the company a “sector perform” rating in a research report on Friday. Raymond James Financial reduced their target price on shares of MTY Food Group from C$50.00 to C$44.00 in a research report on Wednesday, November 19th. Finally, Royal Bank Of Canada boosted their price objective on shares of MTY Food Group from C$45.00 to C$48.00 and gave the stock a “sector perform” rating in a research note on Friday. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$47.33.

MTY Food Group Price Performance

TSE:MTY traded down C$0.82 during mid-day trading on Friday, reaching C$43.01. The stock had a trading volume of 108,272 shares, compared to its average volume of 120,816. The stock has a market capitalization of C$982.39 million, a P/E ratio of 29.06, a P/E/G ratio of 0.75 and a beta of 1.12. The firm has a 50 day moving average price of C$40.48 and a two-hundred day moving average price of C$38.26. The company has a debt-to-equity ratio of 142.67, a quick ratio of 0.57 and a current ratio of 0.61. MTY Food Group has a one year low of C$32.92 and a one year high of C$46.36.

About MTY Food Group

MTY Food Group Inc is a franchisor in the quick service and casual dining food industry. Its activities consist of franchising and operating corporate-owned locations as well as the sale of retail products under a multitude of banners. The company’s operating segment is based on geographical regions namely Canada and US and International. It generates maximum revenue from Canada. The company brands include Big Smoke Burger, Cafe Depot, Country Style, Croissant Plus, Cultures, Extremepita, Fabrika, Jus Jugo Juice, Koya Japan, ManchuWok, Muffin plus, Valentine, Van Houtte, Shushiman and others.