MTY Food Group (TSE:MTY) Price Target Cut to C$50.00 by Analysts at Acumen Capital

MTY Food Group (TSE:MTY - Get Free Report) had its price objective decreased by stock analysts at Acumen Capital from C$60.00 to C$50.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Acumen Capital's price objective would indicate a potential upside of 24.38% from the company's previous close.

Several other equities analysts have also recently weighed in on MTY. Raymond James Financial dropped their price objective on MTY Food Group from C$55.00 to C$50.00 in a research note on Monday, April 14th. Scotiabank upgraded shares of MTY Food Group to a "hold" rating in a research note on Wednesday, June 18th. Finally, Royal Bank Of Canada reduced their target price on shares of MTY Food Group from C$51.00 to C$48.00 in a research note on Monday.

MTY Food Group Stock Down 1.1%

Shares of MTY traded down C$0.44 during trading hours on Monday, reaching C$40.20. The stock had a trading volume of 76,676 shares, compared to its average volume of 62,740. MTY Food Group has a 12 month low of C$36.79 and a 12 month high of C$53.16. The firm has a 50-day simple moving average of C$42.54 and a 200 day simple moving average of C$43.66. The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 142.67. The company has a market capitalization of C$937.36 million, a price-to-earnings ratio of 10.04, 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.