National Bank Financial Brokers Raise Earnings Estimates for MTY Food Group Inc (MTY)
MTY Food Group Inc (TSE:MTY) – Analysts at National Bank Financial increased their FY2018 earnings estimates for MTY Food Group in a report issued on Monday. National Bank Financial analyst L. Aghazarian now expects that the company will post earnings of $2.72 per share for the year, up from their previous forecast of $2.63. National Bank Financial has a “Outperfrom Under Weight” rating on the stock.
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Other analysts have also issued research reports about the company. TD Securities decreased their price objective on MTY Food Group from C$48.00 to C$46.00 and set a “hold” rating on the stock in a research note on Tuesday. Scotiabank increased their price objective on MTY Food Group from C$48.00 to C$49.00 and gave the company a “sector perform” rating in a research note on Tuesday.
Shares of MTY Food Group (MTY) traded up 1.26% during midday trading on Thursday, reaching $46.50. 17,919 shares of the company’s stock traded hands. MTY Food Group has a 52 week low of $38.70 and a 52 week high of $53.20. The stock’s 50 day moving average is $46.92 and its 200-day moving average is $48.56. The company has a market capitalization of $995.66 million and a PE ratio of 15.61.
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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