Maple Leaf Foods (TSE:MFI) Price Target Raised to C$40.50 at Stifel Nicolaus

Key Points

• Stifel Nicolaus has increased its price target for Maple Leaf Foods from C$36.50 to C$40.50, suggesting a potential upside of 21.91% from its previous close.
• The stock recently saw a 3.9% increase, trading at C$33.22 during mid-day on Friday, with a current market capitalization of C$4.16 billion.
• Multiple analysts have rated Maple Leaf Foods positively, with six giving it a "buy" rating and one a "strong buy," contributing to a consensus price target of C$37.36.

Maple Leaf Foods (TSE:MFI - Get Free Report) had its price target lifted by equities researchers at Stifel Nicolaus from C$36.50 to C$40.50 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' target price would indicate a potential upside of 20.54% from the company's current price.

Other analysts have also issued research reports about the company. Stifel Canada upgraded Maple Leaf Foods to a "strong-buy" rating in a report on Monday, June 2nd. CIBC raised their price target on Maple Leaf Foods from C$32.00 to C$38.00 in a report on Wednesday, July 16th. TD Securities raised their price target on Maple Leaf Foods from C$38.00 to C$41.00 and gave the stock a "buy" rating in a report on Tuesday, July 15th. Finally, Royal Bank Of Canada boosted their target price on shares of Maple Leaf Foods from C$35.00 to C$38.00 and gave the stock an "outperform" rating in a research report on Friday. One 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 company. According to data from MarketBeat, Maple Leaf Foods has a consensus rating of "Buy" and an average price target of C$37.36.

Maple Leaf Foods Stock Up 0.7%

Shares of MFI traded up C$0.23 during midday trading on Friday, reaching C$33.60. 41,417 shares of the stock were exchanged, compared to its average volume of 208,350. Maple Leaf Foods has a 52 week low of C$19.61 and a 52 week high of C$33.60. 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 company's 50 day moving average is C$29.08 and its two-hundred day moving average is C$26.04. The company has a market capitalization of C$4.21 billion, a P/E ratio of 124.00, a PEG ratio of 18.07 and a beta of 0.47.

Insider Buying and Selling

In other Maple Leaf Foods news, Senior Officer Olajumoke Fagbemi sold 3,600 shares of Maple Leaf Foods 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 value of C$94,788.00. Following the transaction, the insider directly owned 28 shares in the company, valued at approximately 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.