Maple Leaf Foods (TSE:MFI) PT Lowered to C$39.00 at TD Securities

Maple Leaf Foods (TSE:MFI - Get Rating) had its target price reduced by research analysts at TD Securities from C$45.00 to C$39.00 in a report released on Friday, BayStreet.CA reports. The firm currently has an "action list buy" rating on the stock. TD Securities' price target suggests a potential upside of 79.56% from the stock's previous close.

Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada dropped their target price on Maple Leaf Foods from C$43.00 to C$42.00 and set an "outperform" rating for the company in a research report on Thursday, April 28th. CIBC dropped their price objective on Maple Leaf Foods from C$41.00 to C$35.00 and set an "outperform" rating for the company in a report on Friday. BMO Capital Markets dropped their price objective on Maple Leaf Foods from C$36.00 to C$31.00 in a report on Friday. Finally, Scotiabank dropped their price objective on Maple Leaf Foods from C$40.00 to C$34.00 in a report on Friday. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of C$35.00.

Maple Leaf Foods Trading Down 2.7 %

Shares of MFI stock traded down C$0.61 on Friday, reaching C$21.72. 566,846 shares of the stock were exchanged, compared to its average volume of 248,312. The stock has a market cap of C$2.71 billion and a PE ratio of 39.40. Maple Leaf Foods has a one year low of C$21.60 and a one year high of C$32.60. The company has a debt-to-equity ratio of 73.88, a current ratio of 1.55 and a quick ratio of 0.48. The stock has a 50 day moving average price of C$26.25 and a 200 day moving average price of C$28.13.

Maple Leaf Foods (TSE:MFI - Get Rating) last released its earnings results on Wednesday, May 4th. The company reported C$0.03 earnings per share for the quarter. The firm had revenue of C$1.13 billion for the quarter. Equities research analysts forecast that Maple Leaf Foods will post 2.2000002 EPS for the current fiscal year.

Insider Activity at Maple Leaf Foods

In other Maple Leaf Foods news, Senior Officer Curtis Eugene Frank bought 3,218 shares of Maple Leaf Foods stock in a transaction dated Thursday, June 30th. The stock was bought at an average price of C$25.32 per share, with a total value of C$81,479.76. Following the completion of the transaction, the insider now owns 3,218 shares in the company, valued at approximately C$81,479.76. In other news, Senior Officer Bentley Andrew Brooks sold 9,997 shares of Maple Leaf Foods stock in a transaction that occurred on Friday, June 10th. The shares were sold at an average price of C$27.40, for a total value of C$273,917.80. Following the completion of the sale, the insider now directly owns 21,973 shares in the company, valued at C$602,060.20. Also, Senior Officer Curtis Eugene Frank purchased 3,218 shares of the company's stock in a transaction dated Thursday, June 30th. The stock was acquired at an average price of C$25.32 per share, with a total value of C$81,479.76. Following the completion of the transaction, the insider now owns 3,218 shares of the company's stock, valued at approximately C$81,479.76.

About Maple Leaf Foods

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Maple Leaf Foods Inc produces food products in the United States, Canada, Japan, China, and internationally. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, snacks kits, fresh pork and poultry, and plant protein products. The company offers its products under various brands, including Maple Leaf, Schneiders, Greenfield Natural Meat Co, Swift, Prime, Maple Leaf Natural Selections, Mina, Big Stick, Cappola, Deli Express, Field Roast Grain Meat Co, Holiday, Hygrade, Larsen, Lightlife, Lunch Mate, Main Street Deli, Maple Leaf Foodservice, Mitchell's, Olympic Craft Meats, Parma, Shopsy's, Sunrise, and Swift.

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