MTY Food Group (TSE:MTY) Price Target Cut to C$43.00 by Analysts at National Bankshares

Key Points

• MTY Food Group has had its price target reduced from C$51.00 to C$43.00 by National Bankshares, which still maintains an "outperform" rating on the stock.
• The stock is currently trading at C$35.98, reflecting an increase of 4.7% during mid-day trading, with a potential upside of 19.51% based on the new price target.
• MTY Food Group's market capitalization stands at C$821.82 million, with shares showing a wide performance range over the past year, hitting a low of C$33.78 and a high of C$53.16.

MTY Food Group (TSE:MTY - Get Free Report) had its price target decreased by equities researchers at National Bankshares from C$51.00 to C$43.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bankshares' price objective points to a potential upside of 19.51% from the company's current price.

A number of other research firms have also recently commented on MTY. Scotiabank lowered their target price on MTY Food Group from C$45.00 to C$42.00 and set a "sector perform" rating on the stock in a research note on Wednesday, October 8th. Acumen Capital decreased their price objective on shares of MTY Food Group from C$60.00 to C$50.00 and set a "buy" rating for the company in a report on Monday, July 14th. Finally, Royal Bank Of Canada decreased their price objective on shares of MTY Food Group from C$51.00 to C$48.00 in a report on Monday, July 14th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of C$44.50.

MTY Food Group Stock Up 4.7%

MTY traded up C$1.63 during mid-day trading on Tuesday, reaching C$35.98. 261,991 shares of the stock were exchanged, compared to its average volume of 65,185. The company has a debt-to-equity ratio of 142.67, a quick ratio of 0.57 and a current ratio of 0.61. The company has a 50 day moving average price of C$38.33 and a two-hundred day moving average price of C$40.39. MTY Food Group has a 1 year low of C$33.78 and a 1 year high of C$53.16. The stock has a market capitalization of C$821.82 million, a PE ratio of 20.92, a price-to-earnings-growth ratio of 0.75 and a beta of 1.18.

MTY Food Group Company Profile

MTY Food Group Inc is a franchisor in the quick service and casual dining food industry. Its activities consist of franchising and operating corporate-owned locations as well as the sale of retail products under a multitude of banners. The company's operating segment is based on geographical regions namely Canada and US and International.

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