Maple Leaf Foods (TSE:MFI - Get Free Report) was upgraded by equities researchers at Scotiabank to a "hold" rating in a report issued on Tuesday, April 1st,Zacks.com reports.
A number of other research firms have also issued reports on MFI. National Bankshares upped their target price on shares of Maple Leaf Foods from C$26.00 to C$27.00 and gave the company an "outperform" rating in a report on Wednesday, February 26th. Canaccord Genuity Group lifted their target price on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. CIBC boosted their price target on Maple Leaf Foods from C$30.00 to C$32.00 and gave the company an "outperform" rating in a report on Wednesday, February 26th. Finally, Royal Bank of Canada raised their price objective on Maple Leaf Foods from C$29.00 to C$30.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of C$31.08.
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Maple Leaf Foods Price Performance
Shares of MFI traded up C$0.05 during trading hours on Tuesday, reaching C$22.91. The company had a trading volume of 132,508 shares, compared to its average volume of 235,366. The company has a current ratio of 1.26, a quick ratio of 0.54 and a debt-to-equity ratio of 130.19. The firm has a 50 day simple moving average of C$23.64 and a 200-day simple moving average of C$22.43. Maple Leaf Foods has a 12-month low of C$19.61 and a 12-month high of C$26.10. The company has a market capitalization of C$2.87 billion, a price-to-earnings ratio of 84.55, a PEG ratio of 18.07 and a beta of 0.47.
About Maple Leaf Foods
(
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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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