MTY Food Group Inc (TSE:MTY) had its price target boosted by equities research analysts at Scotiabank from C$48.00 to C$49.00 in a report issued on Tuesday. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price target suggests a potential upside of 7.10% from the stock’s current price.

Several other research analysts also recently issued reports on MTY. National Bank Financial upgraded shares of MTY Food Group from a “sector perform under weight” rating to an “outperfrom under weight” rating in a research note on Monday, April 10th. TD Securities reiterated a “hold” rating and issued a C$48.00 target price on shares of MTY Food Group in a research note on Friday, April 21st.

MTY Food Group (TSE:MTY) traded up 0.26% during midday trading on Tuesday, reaching $45.87. 13,914 shares of the company’s stock traded hands. The firm has a market cap of $980.43 million and a PE ratio of 17.41. The firm’s 50-day moving average is $46.92 and its 200 day moving average is $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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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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