Maple Leaf Foods (MFI) Price Target Raised to C$38.00 at Royal Bank of Canada

Maple Leaf Foods (TSE:MFI) had its price objective upped by stock analysts at Royal Bank of Canada from C$37.00 to C$38.00 in a note issued to investors on Friday. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 7.65% from the company’s previous close.

Separately, Scotiabank cut Maple Leaf Foods from an “outperform” rating to a “sector perform” rating and set a C$37.50 target price on the stock. in a report on Friday, October 13th.

Shares of Maple Leaf Foods (TSE:MFI) traded up C$0.06 on Friday, hitting C$35.30. The company had a trading volume of 151,495 shares, compared to its average volume of 134,920. Maple Leaf Foods has a 12 month low of C$27.66 and a 12 month high of C$37.08. The company has a market cap of $4,530.00, a PE ratio of 26.15 and a beta of 0.56.

Maple Leaf Foods (TSE:MFI) last issued its earnings results on Thursday, October 26th. The company reported C$0.39 earnings per share (EPS) for the quarter. Maple Leaf Foods had a return on equity of 7.36% and a net margin of 4.14%.

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Maple Leaf Foods Company Profile

Maple Leaf Foods Inc is a Canada-based consumer protein company that processes and produces value-added prepared meats, lunch kits snacks, and value-added fresh pork and poultry products sold under flagship Canadian brands such as Maple Leaf, Maple Leaf Prime, Maple Leaf Natural Selections, Schneiders, Schneiders Country Naturals, Mina and Devour.

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