Maple Leaf Foods (TSE:MFI) Price Target Raised to C$39.00 at National Bankshares

Key Points

• Maple Leaf Foods had its price target increased by National Bankshares from C$36.00 to C$39.00, indicating a potential upside of 10.17% from its previous close.
• Multiple brokerages have recently issued positive ratings for Maple Leaf Foods, with one analyst rating it a Strong Buy and the average price target now at C$38.50.
• The company's stock performance shows significant improvement, trading at C$35.40, with a fifty-two week range of C$19.61 to C$36.35.

Maple Leaf Foods (TSE:MFI - Get Free Report) had its price target increased by equities research analysts at National Bankshares from C$36.00 to C$39.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bankshares' price objective points to a potential upside of 10.17% from the stock's previous close.

A number of other brokerages have also recently weighed in on MFI. Stifel Canada raised shares of Maple Leaf Foods to a "strong-buy" rating in a research note on Monday, June 2nd. CIBC boosted their price target on Maple Leaf Foods from C$32.00 to C$38.00 in a research report on Wednesday, July 16th. Royal Bank Of Canada raised their price objective on Maple Leaf Foods from C$35.00 to C$38.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Scotiabank raised their price target on shares of Maple Leaf Foods from C$30.00 to C$35.00 and gave the company a "sector perform" rating in a report on Friday, August 8th. Finally, Stifel Nicolaus upped their target price 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. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of C$38.50.

Maple Leaf Foods Stock Performance

Shares of MFI stock traded down C$0.57 during mid-day trading on Friday, hitting C$35.40. The stock had a trading volume of 119,550 shares, compared to its average volume of 216,581. Maple Leaf Foods has a fifty-two week low of C$19.61 and a fifty-two week high of C$36.35. The company's 50-day simple moving average is C$32.45 and its 200-day simple moving average is C$28.18. The firm has a market cap of C$4.39 billion, a PE ratio of 24.58, a PEG ratio of 18.07 and a beta of 0.82. The company has a debt-to-equity ratio of 130.19, a current ratio of 1.26 and a quick ratio of 0.54.

Insider Activity at Maple Leaf Foods

In other Maple Leaf Foods news, insider Olajumoke Fagbemi purchased 2,651 shares of the business's stock in a transaction dated Wednesday, August 27th. The shares were acquired at an average price of C$35.71 per share, for a total transaction of C$94,665.62. Following the acquisition, 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 ownership of the stock. Also, insider Andreas Liris sold 1,000 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of C$34.77, for a total value of C$34,770.00. Following the completion of the sale, the insider directly owned 14,001 shares of the company's stock, valued at C$486,814.77. This represents a 6.67% decrease in their position. 39.87% of the stock is currently owned by corporate 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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