Maple Leaf Foods (TSE:MFI) Given a C$33.00 Price Target by Royal Bank Of Canada Analysts

Maple Leaf Foods (TSE:MFI) received a C$33.00 price target from Royal Bank Of Canada in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 30.38% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Scotiabank decreased their price target on Maple Leaf Foods from C$35.00 to C$32.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 8th. Stifel Nicolaus increased their target price on shares of Maple Leaf Foods from C$36.50 to C$40.50 and gave the company a “buy” rating in a research report on Friday, August 8th. TD Securities lowered their target price on shares of Maple Leaf Foods from C$43.00 to C$42.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. National Bankshares reduced their price target on shares of Maple Leaf Foods from C$39.00 to C$36.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Finally, CIBC decreased their price objective on shares of Maple Leaf Foods from C$36.00 to C$35.00 in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$35.44.

Maple Leaf Foods Price Performance

TSE MFI opened at C$25.31 on Thursday. The company has a 50-day moving average price of C$28.13 and a two-hundred day moving average price of C$29.78. Maple Leaf Foods has a 52 week low of C$19.61 and a 52 week high of C$36.35. The stock has a market cap of C$3.16 billion, a price-to-earnings ratio of 15.62, a price-to-earnings-growth ratio of 18.07 and a beta of 0.79. The company has a current ratio of 1.26, a quick ratio of 0.54 and a debt-to-equity ratio of 130.19.

Maple Leaf Foods (TSE:MFI) last issued its quarterly earnings data on Wednesday, November 5th. The company reported C$0.18 earnings per share (EPS) for the quarter. Maple Leaf Foods had a return on equity of 2.19% and a net margin of 0.70%.The business had revenue of C$1.01 billion during the quarter. Analysts forecast that Maple Leaf Foods will post 1.4334187 EPS for the current year.

Maple Leaf Foods Company Profile

Maple Leaf Foods Inc is a consumer-packaged meats company. It produces prepared meats and meals, fresh pork, and poultry and turkey products. The company also has agribusiness operations. These operations supply livestock to the meat products business operations. Its main markets are Canada, the United States, Japan, and China.