TD Securities Boosts MTY Food Group (MTY) Price Target to C$54.00
MTY Food Group (TSE:MTY) had its price target hoisted by investment analysts at TD Securities from C$49.00 to C$54.00 in a research report issued on Friday. The brokerage currently has a “hold” rating on the stock. TD Securities’ price objective suggests a potential upside of 2.53% from the company’s previous close.
Other analysts also recently issued reports about the company. Scotiabank raised their target price on MTY Food Group from C$50.00 to C$52.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 13th. 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 research report on Wednesday, December 13th.
Shares of MTY Food Group (MTY) traded up C$0.53 during trading on Friday, reaching C$52.67. The company had a trading volume of 49,705 shares, compared to its average volume of 34,061. The company has a market capitalization of $1,140.00, a price-to-earnings ratio of 21.76 and a beta of 0.80. MTY Food Group has a 1-year low of C$44.75 and a 1-year high of C$56.60.
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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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