TD Securities Issues Pessimistic Forecast for MTY Food Group (TSE:MTY) Stock Price

Key Points

• TD Securities has lowered the price target for MTY Food Group from C$42.00 to C$37.00, maintaining a "hold" rating.
• The consensus rating for MTY Food Group is currently "hold" with a target price of C$44.50, following various target price reductions from other analysts.
• Despite the pessimistic forecast, MTY Food Group's stock recently rose by 4.7%, reaching C$35.98 during trading.

MTY Food Group (TSE:MTY - Get Free Report) had its price target cut by equities researchers at TD Securities from C$42.00 to C$37.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has a "hold" rating on the stock. TD Securities' price objective suggests a potential upside of 2.83% from the company's current price.

MTY has been the topic of a number of other reports. National Bankshares reduced 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 report on Tuesday. Royal Bank Of Canada lowered their target price on MTY Food Group from C$51.00 to C$48.00 in a research note on Monday, July 14th. Scotiabank lowered their target price on MTY Food Group from C$45.00 to C$42.00 and set a "sector perform" rating for the company in a research note on Wednesday, October 8th. Finally, Acumen Capital reduced their target price on shares of MTY Food Group from C$60.00 to C$50.00 and set a "buy" rating on the stock in a report on Monday, July 14th. Two equities 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 company has a consensus rating of "Hold" and a consensus target price of C$44.50.

MTY Food Group Trading Up 4.7%

TSE MTY traded up C$1.63 during trading on Tuesday, hitting C$35.98. The stock had a trading volume of 261,991 shares, compared to its average volume of 65,185. The company has a market capitalization of C$821.82 million, a PE ratio of 20.92, a PEG ratio of 0.75 and a beta of 1.18. The company has a quick ratio of 0.57, a current ratio of 0.61 and a debt-to-equity ratio of 142.67. The firm has a 50 day moving average price of C$38.33 and a 200 day moving average price of C$40.39. MTY Food Group has a twelve month low of C$33.78 and a twelve month high of C$53.16.

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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