MTY Food Group’s (MTY) “Outperform” Rating Reiterated at Scotiabank
MTY Food Group Inc. (TSE:MTY)‘s stock had its “outperform” rating reiterated by Scotiabank in a research note issued on Thursday. They currently have a C$49.00 target price on the stock. Scotiabank’s target price would indicate a potential upside of 8.34% from the stock’s previous close.
Shares of MTY Food Group (TSE:MTY) traded up 2.89% during mid-day trading on Thursday, hitting $45.23. 74,533 shares of the company traded hands. The firm has a market cap of $864.80 million and a price-to-earnings ratio of 31.41. The firm has a 50-day moving average price of $43.54 and a 200 day moving average price of $40.21. MTY Food Group has a 52-week low of $27.91 and a 52-week high of $46.50.
About MTY Food Group
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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