MTY Food Group Inc (TSE:MTY) had its price objective reduced by analysts at Scotiabank from C$49.00 to C$48.00 in a report issued on Wednesday. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price target suggests a potential upside of 0.13% from the company’s current price.

Separately, TD Securities reduced their price target on shares of MTY Food Group from C$48.00 to C$46.00 and set a “hold” rating on the stock in a report on Tuesday, July 11th.

Shares of MTY Food Group (TSE MTY) traded down 2.60% on Wednesday, reaching $47.94. 69,755 shares of the company traded hands. The firm has a market capitalization of $1.02 billion and a P/E ratio of 16.09. MTY Food Group has a 1-year low of $43.38 and a 1-year high of $53.20. The stock has a 50-day moving average price of $47.62 and a 200 day moving average price of $47.32.

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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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