MTY Food Group (TSE:MTY) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of MTY Food Group Inc. (TSE:MTY) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$38.48 and traded as high as C$39.45. MTY Food Group shares last traded at C$39.09, with a volume of 17,341 shares.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MTY. TD Securities increased their price target on MTY Food Group from C$37.00 to C$45.00 and gave the stock a “hold” rating in a report on Friday, February 20th. Royal Bank Of Canada lifted their price objective on MTY Food Group from C$45.00 to C$48.00 and gave the company a “sector perform” rating in a report on Friday, February 20th. Scotiabank boosted their price objective on MTY Food Group from C$41.00 to C$46.00 and gave the company a “sector perform” rating in a research report on Friday, February 20th. National Bank Financial increased their target price on MTY Food Group from C$43.00 to C$49.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Finally, Raymond James Financial raised their target price on shares of MTY Food Group from C$44.00 to C$46.00 and gave the stock a “market perform” rating in a report on Friday, February 20th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, MTY Food Group presently has a consensus rating of “Hold” and a consensus price target of C$47.33.

MTY Food Group Stock Performance

The stock’s 50 day moving average is C$41.16 and its two-hundred day moving average is C$38.48. The stock has a market capitalization of C$892.85 million, a price-to-earnings ratio of 7.55, a price-to-earnings-growth ratio of 0.75 and a beta of 0.87. The company has a current ratio of 0.66, a quick ratio of 0.57 and a debt-to-equity ratio of 177.88.

About MTY Food Group

MTY Food Group Inc is a franchisor in the quick service and casual dining food industry. Its activities consist of franchising and operating corporate-owned locations as well as the sale of retail products under a multitude of banners. The company’s operating segment is based on geographical regions namely Canada and US and International. It generates maximum revenue from Canada. The company brands include Big Smoke Burger, Cafe Depot, Country Style, Croissant Plus, Cultures, Extremepita, Fabrika, Jus Jugo Juice, Koya Japan, ManchuWok, Muffin plus, Valentine, Van Houtte, Shushiman and others.