BMO Capital Markets Reiterates "C$35.00" Price Target for Maple Leaf Foods (TSE:MFI)

Key Points

• BMO Capital Markets has reiterated a price target of C$35.00 for Maple Leaf Foods, indicating a potential upside of 12.11% from its current trading price.
• Other analysts have increased their price targets as well, with Royal Bank of Canada raising theirs to C$38.00 and Stifel Nicolaus to C$40.50, reflecting a generally positive outlook on the stock.
• Insider trading activity shows mixed signals, with one insider selling 1,000 shares and another purchasing 2,651 shares, illustrating varied confidence levels among company insiders.

Maple Leaf Foods (TSE:MFI - Get Free Report) received a C$35.00 target price from equities researchers at BMO Capital Markets in a research note issued on Friday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. BMO Capital Markets' target price suggests a potential upside of 12.11% from the company's current price.

A number of other research analysts have also recently commented on MFI. Royal Bank Of Canada upped their price objective on Maple Leaf Foods from C$35.00 to C$38.00 and gave the company an "outperform" rating in a report on Friday, August 8th. CIBC lifted their target price on Maple Leaf Foods from C$32.00 to C$38.00 in a research report on Wednesday, July 16th. Scotiabank boosted their price target on Maple Leaf Foods from C$30.00 to C$35.00 and gave the company a "sector perform" rating in a research report on Friday, August 8th. Stifel Nicolaus boosted their price target on Maple Leaf Foods from C$36.50 to C$40.50 and gave the company a "buy" rating in a research report on Friday, August 8th. Finally, TD Securities lowered their price objective on Maple Leaf Foods from C$47.00 to C$43.00 and set a "buy" rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of C$37.56.

Maple Leaf Foods Stock Performance

Shares of MFI traded down C$0.02 during mid-day trading on Friday, reaching C$31.22. The company had a trading volume of 143,705 shares, compared to its average volume of 222,621. Maple Leaf Foods has a 52-week low of C$19.61 and a 52-week high of C$36.35. The company has a quick ratio of 0.54, a current ratio of 1.26 and a debt-to-equity ratio of 130.19. The stock has a market capitalization of C$3.89 billion, a P/E ratio of 21.68, a PEG ratio of 18.07 and a beta of 0.82. The stock has a 50 day moving average of C$34.03 and a two-hundred day moving average of C$29.20.

Insiders Place Their Bets

In related news, insider Andreas Liris sold 1,000 shares of the business's stock in a transaction on Friday, August 15th. The shares were sold at an average price of C$34.77, for a total transaction of C$34,770.00. Following the transaction, the insider owned 14,001 shares in the company, valued at C$486,814.77. The trade was a 6.67% decrease in their position. Also, insider Olajumoke Fagbemi purchased 2,651 shares of Maple Leaf Foods stock in a transaction that occurred on Wednesday, August 27th. The shares were bought at an average price of C$35.71 per share, with a total value of C$94,665.62. Following the transaction, the insider owned 2,679 shares of the company's stock, valued at C$95,665.48. This trade represents a 9,467.86% increase in their position. 39.87% of the stock is owned by insiders.

About Maple Leaf Foods

Maple Leaf Foods Inc is a consumer-packaged meats company. It produces prepared meats and meals, fresh pork, and poultry and turkey products. The company also has agribusiness operations. These operations supply livestock to the meat products business operations. Its main markets are Canada, the United States, Japan, and China.

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