National Bank Financial Issues Pessimistic Forecast for MTY Food Group (TSE:MTY) Stock Price

MTY Food Group (TSE:MTY) had its price target reduced by stock analysts at National Bank Financial from C$49.00 to C$43.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 28.01% from the company’s previous close.

Several other research analysts have also issued reports on MTY. Raymond James Financial dropped their target price 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. TD reduced their price target on MTY Food Group from C$45.00 to C$42.00 and set a “hold” rating on the stock in a report on Monday, April 13th. Scotiabank decreased their price target on MTY Food Group from C$46.00 to C$45.00 and set a “sector perform” rating for the company in a research note on Monday, April 13th. Finally, Royal Bank Of Canada dropped their price objective on MTY Food Group from C$48.00 to C$46.00 and set a “sector perform” rating for the company in a report on Monday, April 13th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, MTY Food Group presently has an average rating of “Hold” and an average price target of C$42.50.

MTY Food Group Trading Down 0.5%

Shares of MTY stock traded down C$0.16 during trading hours on Monday, reaching C$33.59. 181,811 shares of the stock were exchanged, compared to its average volume of 76,176. The firm has a market capitalization of C$767.23 million, a price-to-earnings ratio of 4.99, a price-to-earnings-growth ratio of 0.75 and a beta of 1.00. MTY Food Group has a 12-month low of C$31.87 and a 12-month high of C$45.90. The company’s 50-day moving average price is C$38.59 and its 200-day moving average price is C$39.67. The company has a current ratio of 0.73, a quick ratio of 0.56 and a debt-to-equity ratio of 123.64.

MTY Food Group (TSE:MTY) last posted its quarterly earnings data on Friday, April 10th. The company reported C$0.98 earnings per share 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%. As a group, equities analysts anticipate that MTY Food Group will post 4.4909091 earnings per share for the current year.

About MTY Food Group

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.