TD Securities Has Lowered Expectations for Maple Leaf Foods (TSE:MFI) Stock Price

Key Points

• TD Securities has reduced its price target for Maple Leaf Foods from C$47.00 to C$43.00, maintaining a "buy" rating, indicating a potential upside of 38.04%.
• Other analysts have also increased their price targets for Maple Leaf Foods, with Scotiabank raising it to C$35.00 and CIBC to C$38.00, contributing to a consensus target of C$37.93.
• Maple Leaf Foods shares traded down to C$31.15, while insiders have shown mixed trading activity, with one selling shares and another significantly increasing their holdings.

Maple Leaf Foods (TSE:MFI - Get Free Report) had its price objective reduced by research analysts at TD Securities from C$47.00 to C$43.00 in a report issued on Thursday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. TD Securities' price objective would indicate a potential upside of 38.04% from the company's previous close.

A number of other equities analysts have also recently weighed in on MFI. Scotiabank boosted their price target on Maple Leaf Foods from C$30.00 to C$35.00 and gave the stock a "sector perform" rating in a report on Friday, August 8th. Stifel Nicolaus lifted their price target on shares of Maple Leaf Foods from C$36.50 to C$40.50 and gave the stock a "buy" rating in a report on Friday, August 8th. CIBC lifted their price target on shares of Maple Leaf Foods from C$32.00 to C$38.00 in a report on Wednesday, July 16th. Royal Bank Of Canada lifted their price target on shares of Maple Leaf Foods from C$35.00 to C$38.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Finally, National Bankshares lifted their target price on shares of Maple Leaf Foods from C$36.00 to C$39.00 and gave the stock an "outperform" rating in a research note on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, Maple Leaf Foods currently has a consensus rating of "Buy" and a consensus price target of C$37.93.

Maple Leaf Foods Price Performance

Shares of MFI traded down C$3.75 during mid-day trading on Thursday, reaching C$31.15. 374,660 shares of the company's stock were exchanged, compared to its average volume of 221,273. The company has a quick ratio of 0.54, a current ratio of 1.26 and a debt-to-equity ratio of 130.19. The company has a 50-day simple moving average of C$34.00 and a two-hundred day simple moving average of C$29.16. Maple Leaf Foods has a 52-week low of C$19.61 and a 52-week high of C$36.35. The company has a market cap of C$3.86 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 18.07 and a beta of 0.82.

Insiders Place Their Bets

In related news, insider Andreas Liris sold 1,000 shares of the company's stock in a transaction on Friday, August 15th. The shares were sold at an average price of C$34.77, for a total transaction of C$34,770.00. Following the completion of the sale, the insider directly owned 14,001 shares of the company's stock, valued at approximately C$486,814.77. This represents a 6.67% decrease in their position. Also, insider Olajumoke Fagbemi bought 2,651 shares of the firm's stock in a transaction dated Wednesday, August 27th. The stock was bought at an average cost of C$35.71 per share, with a total value of C$94,665.62. Following the transaction, the insider directly owned 2,679 shares of the company's stock, valued at approximately C$95,665.48. This trade represents a 9,467.86% increase in their ownership of the stock. 39.87% of the stock is currently owned by corporate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.