MTY Food Group Inc. (TSE:MTY) – Equities research analysts at National Bank Financial boosted their FY2016 earnings per share estimates for shares of MTY Food Group in a report released on Thursday. National Bank Financial analyst L. Aghazarian now forecasts that the brokerage will earn $2.15 per share for the year, up from their previous estimate of $1.88. National Bank Financial also issued estimates for MTY Food Group’s FY2017 earnings at $2.62 EPS.
Separately, Scotiabank lifted their price target on MTY Food Group from C$47.50 to C$48.00 and gave the stock an “outperform” rating in a research report on Friday, July 8th.
MTY Food Group (TSE:MTY) opened at 45.94 on Monday. MTY Food Group has a 52 week low of $27.91 and a 52 week high of $46.50. The firm has a market capitalization of $878.37 million and a P/E ratio of 31.90. The stock’s 50 day moving average price is $43.95 and its 200 day moving average price is $40.57.
About MTY Food Group
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.
Receive News & Ratings for MTY Food Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MTY Food Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.