MTY Food Group Inc. (TSE:MTY)‘s stock had its “outperform” rating reaffirmed by stock analysts at Scotiabank in a research note issued to investors on Thursday. They presently have a C$49.00 target price on the stock. Scotiabank’s price target suggests a potential upside of 8.26% from the company’s previous close.
MTY Food Group (TSE:MTY) opened at 45.26 on Thursday. The stock has a market cap of $865.37 million and a price-to-earnings ratio of 31.43. The firm’s 50 day moving average price is $43.76 and its 200-day moving average price is $40.33. MTY Food Group has a 1-year low of $27.91 and a 1-year high of $46.50.
MTY Food Group Company Profile
MTY Food Group Inc is a Canada-based company, which franchises and operates quick-service restaurants. The Company operates in four segments: Franchising, which includes revenue from royalties, supplier contributions, franchise fees, rent, and the construction and renovation of restaurants; Corporate, which includes the direct sale of prepared food to customers; Distribution, which includes distribution of raw materials to restaurants of its Valentine and Franx banners, and processing, which includes the sale of ingredients and prepared food to restaurant chains, distributors and retailers.
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