Acumen Capital Has Lowered Expectations for MTY Food Group (TSE:MTY) Stock Price

MTY Food Group (TSE:MTY - Get Free Report) had its price objective decreased by Acumen Capital from C$60.00 to C$50.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Acumen Capital's price target points to a potential upside of 24.66% from the stock's current price.

MTY has been the topic of several other research reports. Scotiabank raised MTY Food Group to a "hold" rating in a research note on Wednesday, June 18th. Raymond James Financial dropped their price target on MTY Food Group from C$55.00 to C$50.00 in a research report on Monday, April 14th. Finally, Royal Bank Of Canada dropped their price target on MTY Food Group from C$51.00 to C$48.00 in a research report on Monday.

MTY Food Group Trading Up 0.5%

TSE:MTY traded up C$0.18 during mid-day trading on Monday, hitting C$40.11. The company had a trading volume of 43,146 shares, compared to its average volume of 62,662. MTY Food Group has a fifty-two week low of C$36.79 and a fifty-two week high of C$53.16. The business's fifty day moving average is C$42.35 and its two-hundred day moving average is C$43.57. The company has a debt-to-equity ratio of 142.67, a quick ratio of 0.57 and a current ratio of 0.61. The firm has a market cap of C$935.26 million, a P/E ratio of 10.02, a P/E/G ratio of 0.75 and a beta of 1.95.

About MTY Food Group

MTY Food Group Inc operates and franchises quick-service, fast-casual, and casual dining restaurants in Canada, the United States, and internationally. It also sells retail products under a multitude of banners. The company was formerly known as iNsu Innovations Group Inc and changed its name to MTY Food Group Inc in July 2003.