MTY Food Group (TSE:MTY) Given New C$38.00 Price Target at TD

MTY Food Group (TSE:MTY) had its target price cut by stock analysts at TD from C$42.00 to C$38.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD’s price objective would suggest a potential upside of 13.13% from the stock’s current price.

Several other analysts have also recently issued reports on the company. Scotiabank dropped their target price on MTY Food Group from C$46.00 to C$45.00 and set a “sector perform” rating on the stock in a research report on Monday, April 13th. Raymond James Financial reduced their price target on MTY Food Group from C$46.00 to C$45.00 and set a “market perform” rating for the company in a research report on Monday, April 13th. Royal Bank Of Canada decreased their price objective on MTY Food Group from C$46.00 to C$41.00 and set a “sector perform” rating for the company in a research note on Monday. Finally, National Bank Financial dropped their price objective on MTY Food Group from C$49.00 to C$43.00 and set an “outperform” rating on the stock in a research report on Monday. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$42.50.

MTY Food Group Stock Down 0.5%

Shares of TSE MTY traded down C$0.16 during midday trading on Monday, reaching C$33.59. 181,811 shares of the company’s stock traded hands, compared to its average volume of 76,176. The company has a quick ratio of 0.56, a current ratio of 0.73 and a debt-to-equity ratio of 123.64. The stock’s 50 day simple moving average is C$38.59 and its 200-day simple moving average is C$39.67. MTY Food Group has a one year low of C$31.87 and a one year high of C$45.90. The company has a market cap of C$767.23 million, a price-to-earnings ratio of 4.99, a P/E/G ratio of 0.75 and a beta of 1.00.

MTY Food Group (TSE:MTY) last issued its quarterly earnings data on Friday, April 10th. The company reported C$0.98 earnings per share (EPS) for the quarter. The company had revenue of C$267.76 million for the quarter. MTY Food Group had a net margin of 9.78% and a return on equity of 13.22%. On average, analysts predict that MTY Food Group will post 4.4909091 EPS for the current fiscal year.

MTY Food Group Company Profile

MTY Group franchises and operates quick-service, fast casual and casual dining restaurants over 80 different banners in Canada, the US and Internationally. Based in Montreal, MTY is a family whose heart beats to the rhythm of its brands, the very soul of its multi-branded strategy. For over 45 years, it has been increasing its presence by delivering new concepts of restaurants, making acquisitions, and forging strategic alliances, which have allowed it to reach new heights year after year. By combining new trends with operational know-how, the brands forming the MTY Group now touch the lives of millions of people every year.