MTY Food Group Inc. (MTY) Given Outperform Rating at Scotiabank
MTY Food Group Inc. (TSE:MTY)‘s stock had its “outperform” rating restated by equities research analysts at Scotiabank in a research report issued on Thursday. They currently have a C$49.00 price target on the stock. Scotiabank’s price target indicates a potential upside of 8.34% from the company’s current price.
Shares of MTY Food Group (TSE:MTY) traded up 2.89% during mid-day trading on Thursday, reaching $45.23. The company had a trading volume of 74,533 shares. The firm’s 50 day moving average is $43.54 and its 200-day moving average is $40.21. The stock has a market capitalization of $864.80 million and a P/E ratio of 31.41. MTY Food Group has a 12-month low of $27.91 and a 12-month high of $46.50.
MTY Food Group Company Profile
MTY Food Group Inc is a Canada-based company, which franchises and operates quick-service restaurants. The Company operates in four segments: Franchising, which includes revenue from royalties, supplier contributions, franchise fees, rent, and the construction and renovation of restaurants; Corporate, which includes the direct sale of prepared food to customers; Distribution, which includes distribution of raw materials to restaurants of its Valentine and Franx banners, and processing, which includes the sale of ingredients and prepared food to restaurant chains, distributors and retailers.
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