Maple Leaf Foods (OTCMKTS:MLFNF) Shares Up 0.2% – Here’s What Happened

Maple Leaf Foods Inc. (OTCMKTS:MLFNF)’s stock price traded up 0.2% during trading on Monday. The company traded as high as $18.1620 and last traded at $18.1620. 27,635 shares changed hands during mid-day trading, a decline of 3% from the average session volume of 28,531 shares. The stock had previously closed at $18.13.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Canadian Imperial Bank of Commerce started coverage on Maple Leaf Foods in a research report on Monday, July 27th. They set an “outperform” rating on the stock. BMO Capital Markets reiterated an “outperform” rating on shares of Maple Leaf Foods in a report on Thursday, August 13th. Finally, Scotiabank reiterated an “outperform” rating on shares of Maple Leaf Foods in a report on Thursday, August 13th. Five analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Maple Leaf Foods Stock Up 0.2%

The company’s 50 day moving average price is $18.69 and its two-hundred day moving average price is $20.38.

About Maple Leaf Foods

Maple Leaf Foods Inc is a Canadian food company focused primarily on the production and marketing of prepared meats and pork products. Its portfolio includes ready-to-eat and ready-to-cook products such as deli meats, bacon, sausage, ham, hot dogs and other packaged meat items sold through grocery, foodservice and other retail channels.

The company markets products under brands including Maple Leaf, Schneiders, Greenfield Natural Meat Co, Natural Selections and Mina. Maple Leaf Foods has also emphasized animal-welfare standards, sustainable production and the development of value-added food products.