Maple Leaf Foods (OTCMKTS:MLFNF) Shares Down 1.1% – What’s Next?

Maple Leaf Foods Inc. (OTCMKTS:MLFNF)’s stock price dropped 1.1% during trading on Friday. The company traded as low as $18.18 and last traded at $18.18. Approximately 28,611 shares changed hands during mid-day trading, an increase of 6% from the average daily volume of 27,008 shares. The stock had previously closed at $18.3850.

Analysts Set New Price Targets

A number of research firms recently issued reports on MLFNF. BMO Capital Markets reissued an “outperform” rating on shares of Maple Leaf Foods in a report on Thursday, August 13th. Canadian Imperial Bank of Commerce initiated coverage on Maple Leaf Foods in a research note on Monday, July 27th. They set an “outperform” rating for the company. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Maple Leaf Foods in a research report on Thursday, August 13th. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Maple Leaf Foods currently has a consensus rating of “Buy”.

Maple Leaf Foods Trading Down 1.1%

The business’s 50 day moving average price is $19.55 and its 200-day moving average price is $20.78.

About Maple Leaf Foods

Maple Leaf Foods Inc is a Canadian food company focused on producing and marketing prepared meats and other protein-based foods. Its product portfolio includes deli meats, bacon, ham, sausages, wieners, prepared meals and other refrigerated and frozen products sold under brands such as Maple Leaf, Schneiders and Greenfield Natural Meat Co

The company serves retail grocery, foodservice and institutional customers, primarily in Canada, with selected products distributed in international markets.