Acumen Capital Increases MTY Food Group (MTY) Price Target to C$55.00
MTY Food Group (TSE:MTY) had its target price lifted by research analysts at Acumen Capital from C$52.75 to C$55.00 in a report issued on Wednesday, StockTargetPrices.com reports. The brokerage currently has a “buy” rating on the stock. Acumen Capital’s price objective would suggest a potential upside of 5.83% from the company’s current price.
Separately, Scotiabank upped their price target on MTY Food Group from C$48.00 to C$50.00 and gave the stock a “sector perform” rating in a research report on Friday, November 17th.
Shares of MTY Food Group (MTY) traded down C$2.57 during trading hours on Wednesday, reaching C$51.97. 308,243 shares of the company were exchanged, compared to its average volume of 22,860. MTY Food Group has a 52 week low of C$44.75 and a 52 week high of C$55.98.
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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