Maple Leaf Foods (TSE:MFI) Given New C$47.00 Price Target at TD Securities

Key Points

• TD Securities has raised its price target for Maple Leaf Foods from C$42.00 to C$47.00, indicating a potential upside of 32.36% from the company's previous close.
• The stock currently holds a consensus rating of "Buy", with one analyst giving a "Strong Buy" rating and six others rating it as a buy, according to recent reports.
• Maple Leaf Foods' shares have traded between a 12-month low of C$19.61 and a high of C$36.35, with its latest price at C$35.51.

Maple Leaf Foods (TSE:MFI - Get Free Report) had its price target lifted by investment analysts at TD Securities from C$42.00 to C$47.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' price objective would suggest a potential upside of 32.17% from the company's current price.

Other analysts have also recently issued reports about the company. Stifel Canada upgraded Maple Leaf Foods to a "strong-buy" rating in a research note on Monday, June 2nd. Royal Bank Of Canada increased their price objective on Maple Leaf Foods from C$35.00 to C$38.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Stifel Nicolaus increased their price objective on Maple Leaf Foods from C$36.50 to C$40.50 and gave the company a "buy" rating in a research note on Friday, August 8th. CIBC increased their price objective on Maple Leaf Foods from C$32.00 to C$38.00 in a research note on Wednesday, July 16th. Finally, National Bankshares increased their price objective on Maple Leaf Foods from C$31.00 to C$36.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of C$38.50.

Maple Leaf Foods Trading Down 1.1%

TSE:MFI traded down C$0.41 during trading hours on Tuesday, reaching C$35.56. 245,535 shares of the stock were exchanged, compared to its average volume of 217,362. 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 business has a 50-day moving average of C$32.59 and a two-hundred day moving average of C$28.27. Maple Leaf Foods has a twelve month low of C$19.61 and a twelve month high of C$36.35. The company has a market capitalization of C$4.41 billion, a price-to-earnings ratio of 24.69, a PEG ratio of 18.07 and a beta of 0.82.

Insider Transactions at Maple Leaf Foods

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