National Bank Financial Analysts Increase Earnings Estimates for MTY Food Group Inc. (MTY)
MTY Food Group Inc. (TSE:MTY) – Analysts at National Bank Financial upped their FY2018 earnings per share estimates for shares of MTY Food Group in a research note issued to investors on Tuesday. National Bank Financial analyst L. Aghazarian now anticipates that the company will post earnings of $2.85 per share for the year, up from their previous estimate of $2.66.
A number of other equities analysts have also recently issued reports on the company. Scotiabank raised their target price on MTY Food Group from C$48.00 to C$50.00 and gave the stock a “sector perform” rating in a report on Friday, November 17th. Acumen Capital raised their target price on MTY Food Group from C$52.75 to C$55.00 and gave the stock a “buy” rating in a report on Wednesday.
TRADEMARK VIOLATION NOTICE: This news story was published by American Banking News and is the property of of American Banking News. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/12/15/national-bank-financial-analysts-increase-earnings-estimates-for-mty-food-group-inc-mty.html.
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.
Receive News & Ratings for MTY Food Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MTY Food Group and related companies with MarketBeat.com's FREE daily email newsletter.