TD Securities Boosts MTY Food Group (TSE:MTY) Price Target to C$45.00

MTY Food Group (TSE:MTY) had its price target upped by stock analysts at TD Securities from C$37.00 to C$45.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ price target would indicate a potential upside of 4.63% from the stock’s current price.

Several other research analysts have also recently issued reports on the stock. Raymond James Financial dropped their target price on shares of MTY Food Group from C$50.00 to C$44.00 in a report on Wednesday, November 19th. Royal Bank Of Canada raised their price target on MTY Food Group from C$45.00 to C$48.00 and gave the stock a “sector perform” rating in a report on Friday. Finally, Scotiabank raised their target price on MTY Food Group from C$41.00 to C$46.00 and gave the stock a “sector perform” rating in a research note on Friday. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$47.33.

MTY Food Group Trading Down 1.9%

Shares of MTY Food Group stock traded down C$0.82 on Friday, hitting C$43.01. 108,272 shares of the company traded hands, compared to its average volume of 120,816. The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 142.67. The company has a market cap of C$982.39 million, a PE ratio of 29.06, a PEG ratio of 0.75 and a beta of 1.12. The stock’s 50 day moving average price is C$40.48 and its 200-day moving average price is C$38.26. MTY Food Group has a 52 week low of C$32.92 and a 52 week high of C$46.36.

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.