Maple Leaf Foods (TSE:MFI) Price Target Raised to C$42.00

Key Points

• TD Securities raised their price target for Maple Leaf Foods from C$41.00 to C$42.00, indicating a potential upside of 26.43% from the stock's previous close.
• Multiple brokerages have recently increased their target prices for Maple Leaf Foods, with CIBC, Royal Bank of Canada, and Stifel Nicolaus all issuing new higher targets and maintaining favorable ratings.
• Maple Leaf Foods currently has a consensus rating of "Buy" and an average target price of C$37.36, reflecting strong confidence from analysts in the stock's performance.

Maple Leaf Foods (TSE:MFI - Get Free Report) had its target price hoisted by stock analysts at TD Securities from C$41.00 to C$42.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. TD Securities' price target suggests a potential upside of 25.00% from the company's previous close.

A number of other research firms also recently commented on MFI. Royal Bank Of Canada raised their price objective on Maple Leaf Foods from C$35.00 to C$38.00 and gave the stock an "outperform" rating in a report on Friday. Stifel Canada upgraded Maple Leaf Foods to a "strong-buy" rating in a research note on Monday, June 2nd. National Bankshares increased their target price on Maple Leaf Foods from C$31.00 to C$36.00 and gave the company an "outperform" rating in a research note on Friday. CIBC increased their target price on Maple Leaf Foods from C$32.00 to C$38.00 in a research note on Wednesday, July 16th. Finally, Stifel Nicolaus increased 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 note on Friday. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of C$37.36.

Maple Leaf Foods Trading Up 0.7%

Shares of Maple Leaf Foods stock traded up C$0.23 during trading hours on Friday, reaching C$33.60. The stock had a trading volume of 41,417 shares, compared to its average volume of 208,350. The firm has a 50 day simple moving average of C$29.08 and a two-hundred day simple moving average of C$26.04. The firm has a market capitalization of C$4.21 billion, a price-to-earnings ratio of 124.00, a P/E/G ratio of 18.07 and a beta of 0.47. The company has a current ratio of 1.26, a quick ratio of 0.54 and a debt-to-equity ratio of 130.19. Maple Leaf Foods has a 1 year low of C$19.61 and a 1 year high of C$33.60.

Insiders Place Their Bets

In other Maple Leaf Foods news, Senior Officer Olajumoke Fagbemi sold 3,600 shares of the firm's 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 completion of the sale, the insider owned 28 shares in the company, valued at C$737.24. This trade represents a 99.23% decrease in their position. 39.87% of the stock is currently owned by company 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.