Maple Leaf Foods (TSE:MFI) Given a C$29.00 Price Target at National Bankshares

Maple Leaf Foods (TSE:MFI - Get Free Report) has been given a C$29.00 target price by analysts at National Bankshares in a research report issued to clients and investors on Monday, BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bankshares' price target would indicate a potential upside of 22.21% from the stock's previous close.

A number of other research analysts also recently issued reports on the company. TD Securities downgraded Maple Leaf Foods from an "action list buy" rating to a "buy" rating and lowered their price target for the company from C$40.00 to C$31.00 in a report on Friday, February 23rd. CIBC reduced their price target on shares of Maple Leaf Foods from C$36.00 to C$32.00 and set an "outperform" rating for the company in a research note on Friday, February 23rd. Royal Bank of Canada lowered their price objective on shares of Maple Leaf Foods from C$32.00 to C$29.00 and set an "outperform" rating on the stock in a research report on Friday, February 23rd. BMO Capital Markets cut their target price on shares of Maple Leaf Foods from C$31.00 to C$29.00 in a research report on Friday, February 23rd. Finally, Canaccord Genuity Group decreased their target price on shares of Maple Leaf Foods from C$35.00 to C$30.00 and set a "buy" rating for the company in a research note on Friday, February 23rd. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of C$30.50.

Maple Leaf Foods Stock Up 0.5 %

Shares of MFI traded up C$0.11 during trading hours on Monday, hitting C$23.73. The company had a trading volume of 159,222 shares, compared to its average volume of 172,928. Maple Leaf Foods has a 52-week low of C$21.52 and a 52-week high of C$31.63. The firm has a fifty day moving average price of C$23.56 and a 200-day moving average price of C$24.83. The stock has a market capitalization of C$2.91 billion, a price-to-earnings ratio of -23.04, a P/E/G ratio of 18.07 and a beta of 0.49. The company has a debt-to-equity ratio of 140.69, a quick ratio of 0.54 and a current ratio of 1.17.

Maple Leaf Foods (TSE:MFI - Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The company reported C$0.08 EPS for the quarter. Maple Leaf Foods had a negative net margin of 2.57% and a negative return on equity of 7.86%. The firm had revenue of C$1.19 billion for the quarter. On average, equities research analysts forecast that Maple Leaf Foods will post 0.9354965 EPS for the current fiscal year.

About Maple Leaf Foods

Maple Leaf Foods Inc produces food products in the United States, Canada, Japan, China, and internationally. The company operates through Meat Protein Group and Plant Protein Group segments. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, fresh pork and poultry, and plant protein products; bacon, hams, wieners, and meat snacks; a variety of delicatessen products; and processed chicken products, such as fully cooked chicken breasts and wings, processed turkey products, specialty sausages, cooked meats, sliced meats, cooked sausage products, lunch kits, and canned meats.