Royal Bank Of Canada Has Lowered Expectations for MTY Food Group (TSE:MTY) Stock Price

Key Points

• Royal Bank of Canada has reduced its price target for MTY Food Group stock from C$48.00 to C$45.00, indicating a potential upside of 25.07% based on previous closing prices.
• Other firms like Scotiabank and National Bankshares have also lowered their price targets for MTY Food Group, with Scotiabank setting a target of C$42.00 and National Bankshares at C$43.00.
• MTY Food Group's shares recently traded up by 4.7%, reaching C$35.98, amidst overall market activity and analyst rating adjustments.

MTY Food Group (TSE:MTY - Get Free Report) had its price target reduced by stock analysts at Royal Bank Of Canada from C$48.00 to C$45.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. Royal Bank Of Canada's price target points to a potential upside of 25.07% from the company's previous close.

A number of other research firms have also recently commented on MTY. Scotiabank reduced their price target on shares of MTY Food Group from C$45.00 to C$42.00 and set a "sector perform" rating for the company in a report on Wednesday, October 8th. National Bankshares dropped their target price on shares of MTY Food Group from C$51.00 to C$43.00 and set an "outperform" rating on the stock in a research report on Tuesday. Acumen Capital cut their price objective on MTY Food Group from C$60.00 to C$50.00 and set a "buy" rating on the stock in a research report on Monday, July 14th. Finally, TD Securities reduced their price objective on MTY Food Group from C$42.00 to C$37.00 and set a "hold" rating for the company in a research note on Tuesday. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, MTY Food Group currently has an average rating of "Hold" and an average target price of C$44.50.

MTY Food Group Trading Up 4.7%

Shares of MTY Food Group stock traded up C$1.63 on Tuesday, hitting C$35.98. 261,991 shares of the company's stock traded hands, compared to its average volume of 65,185. MTY Food Group has a one year low of C$33.78 and a one year high of C$53.16. The company has a debt-to-equity ratio of 142.67, a current ratio of 0.61 and a quick ratio of 0.57. The company has a fifty day moving average of C$38.33 and a two-hundred day moving average of C$40.39. The company has a market capitalization of C$821.82 million, a price-to-earnings 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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