MTY Food Group (TSE:MTY) Price Target Cut to C$35.00 by Analysts at Raymond James Financial

MTY Food Group (TSE:MTY) had its target price cut by analysts at Raymond James Financial from C$40.00 to C$35.00 in a report issued on Tuesday, BayStreet reports. The brokerage presently has a “market perform” rating on the stock. Raymond James Financial’s price target points to a potential upside of 11.57% from the stock’s previous close.

MTY has been the subject of several other research reports. Royal Bank Of Canada decreased their price target on shares of MTY Food Group from C$46.00 to C$41.00 and set a “sector perform” rating for the company in a research note on Monday, July 13th. TD set a C$38.00 price objective on MTY Food Group and gave the stock a “hold” rating in a report on Thursday, October 8th. National Bank Financial dropped their price objective on shares of MTY Food Group from C$40.00 to C$37.00 and set a “sector perform” rating on the stock in a report on Tuesday. Scotia cut their target price on shares of MTY Food Group from C$45.00 to C$40.00 and set a “sector perform” rating for the company in a research report on Monday, July 13th. Finally, TD Securities upgraded shares of MTY Food Group to a “hold” rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$41.12.

MTY Food Group Stock Performance

MTY traded up C$0.22 during trading on Tuesday, hitting C$31.37. 258,946 shares of the company traded hands, compared to its average volume of 89,649. The firm has a market cap of C$716.52 million, a P/E ratio of 6.38, a price-to-earnings-growth ratio of 0.75 and a beta of 0.98. The stock’s fifty day moving average is C$33.43 and its 200 day moving average is C$36.35. The company has a quick ratio of 0.56, a current ratio of 0.75 and a debt-to-equity ratio of 117.99. MTY Food Group has a one year low of C$28.12 and a one year high of C$45.90.

MTY Food Group (TSE:MTY) last announced its quarterly earnings data on Friday, October 9th. The company reported C$1.26 EPS for the quarter. The business had revenue of C$277.73 million for the quarter. MTY Food Group had a net margin of 9.67% and a return on equity of 12.54%. As a group, equities analysts predict that MTY Food Group will post 4.49 EPS for the current fiscal year.

About MTY Food Group

MTY Group franchises and operates quick-service, fast casual and casual dining restaurants over 80 different banners in Canada, the US and Internationally. Based in Montreal, MTY is a family whose heart beats to the rhythm of its brands, the very soul of its multi-branded strategy. For over 45 years, it has been increasing its presence by delivering new concepts of restaurants, making acquisitions, and forging strategic alliances, which have allowed it to reach new heights year after year. By combining new trends with operational know-how, the brands forming the MTY Group now touch the lives of millions of people every year.