MTY Food Group Inc (MTY) Price Target Cut to C$46.00
MTY Food Group Inc (TSE:MTY) had its price objective decreased by equities research analysts at TD Securities from C$48.00 to C$46.00 in a research report issued to clients and investors on Tuesday. The brokerage currently has a “hold” rating on the stock. TD Securities’ price objective indicates a potential upside of 0.55% from the company’s previous close.
Other equities research analysts have also issued research reports about the stock. Scotiabank upped their target price on shares of MTY Food Group from C$48.00 to C$49.00 and gave the stock a “sector perform” rating in a report on Tuesday. National Bank Financial upgraded shares of MTY Food Group from a “sector perform under weight” rating to an “outperfrom under weight” rating in a report on Monday, April 10th.
MTY Food Group (MTY) traded up 0.26% during mid-day trading on Tuesday, hitting $45.87. The company’s stock had a trading volume of 13,914 shares. The firm has a market cap of $980.43 million and a price-to-earnings ratio of 17.41. The firm has a 50 day moving average of $46.92 and a 200-day moving average of $48.56. MTY Food Group has a 52-week low of $38.70 and a 52-week high of $53.20.
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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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