Maple Leaf Foods (TSE:MFI) Given New C$35.00 Price Target at Royal Bank Of Canada

Key Points

• The price target for Maple Leaf Foods has been raised from C$33.00 to C$35.00 by Royal Bank Of Canada, indicating a potential upside of 20.48% from the current price.
• Several analysts have given strong ratings for the stock, with Stifel Canada rating it as a "strong-buy" and CIBC increasing their target to C$38.00.
• Maple Leaf Foods' stock decreased by 0.6%, trading at C$29.05, while insiders hold 39.87% of the stock, with a significant sale by a senior officer noted.

Maple Leaf Foods (TSE:MFI - Get Free Report) had its price target upped by investment analysts at Royal Bank Of Canada from C$33.00 to C$35.00 in a research note issued on Friday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Royal Bank Of Canada's target price points to a potential upside of 20.32% from the stock's previous close.

Several other equities research analysts also recently weighed in on MFI. CIBC upped their target price on Maple Leaf Foods from C$32.00 to C$38.00 in a research report on Wednesday, July 16th. TD Securities upped their target price on Maple Leaf Foods from C$38.00 to C$41.00 and gave the stock a "buy" rating in a research report on Tuesday, July 15th. Finally, Stifel Canada raised Maple Leaf Foods to a "strong-buy" rating in a research report on Monday, June 2nd. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Maple Leaf Foods has a consensus rating of "Buy" and an average target price of C$34.60.

Maple Leaf Foods Price Performance

Shares of TSE MFI traded up C$0.16 during trading on Friday, reaching C$29.09. The company had a trading volume of 59,828 shares, compared to its average volume of 204,682. Maple Leaf Foods has a twelve month low of C$19.61 and a twelve month high of C$30.70. The stock has a market capitalization of C$3.64 billion, a PE ratio of 107.36, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47. The stock has a 50-day moving average price of C$28.62 and a two-hundred day moving average price of C$25.63. The company has a current ratio of 1.26, a quick ratio of 0.54 and a debt-to-equity ratio of 130.19.

Insider Buying and Selling at Maple Leaf Foods

In other news, Senior Officer Olajumoke Fagbemi sold 3,600 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of C$26.33, for a total transaction of C$94,788.00. Following the sale, the insider directly owned 28 shares in the company, valued at approximately C$737.24. This represents a 99.23% decrease in their position. Insiders own 39.87% of the company's stock.

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.