MTY Food Group (TSE:MTY) Given New C$37.00 Price Target at National Bank Financial

MTY Food Group (TSE:MTY) had its target price dropped by equities researchers at National Bank Financial from C$40.00 to C$37.00 in a note issued to investors on Tuesday, BayStreet reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 17.95% from the company’s current price.

Other equities analysts have also issued reports about the company. TD set a C$38.00 price target on MTY Food Group and gave the company a “hold” rating in a research note on Thursday, October 8th. Scotia cut their price objective on MTY Food Group from C$45.00 to C$40.00 and set a “sector perform” rating for the company in a report on Monday, July 13th. Raymond James Financial decreased their target price on MTY Food Group from C$45.00 to C$40.00 and set a “market perform” rating for the company in a research note on Monday, July 13th. TD Securities raised MTY Food Group to a “hold” rating in a report on Monday, July 13th. Finally, Royal Bank Of Canada lowered their target price on MTY Food Group from C$46.00 to C$41.00 and set a “sector perform” rating on the stock in a report on Monday, July 13th. One research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, MTY Food Group presently has an average rating of “Hold” and a consensus target price of C$41.12.

MTY Food Group Stock Performance

MTY Food Group stock traded up C$0.22 during mid-day trading on Tuesday, hitting C$31.37. 258,946 shares of the company’s stock traded hands, compared to its average volume of 89,649. The firm has a 50 day moving average price of C$33.43 and a 200 day moving average price of C$36.35. The company has a market cap of C$716.52 million, a PE ratio of 6.38, a price-to-earnings-growth ratio of 0.75 and a beta of 0.98. The company has a quick ratio of 0.56, a current ratio of 0.75 and a debt-to-equity ratio of 117.99. MTY Food Group has a one year low of C$28.12 and a one year high of C$45.90.

MTY Food Group (TSE:MTY) last released its earnings results on Friday, October 9th. The company reported C$1.26 EPS for the quarter. MTY Food Group had a net margin of 9.67% and a return on equity of 12.54%. The firm had revenue of C$277.73 million for the quarter. On average, equities analysts forecast that MTY Food Group will post 4.49 EPS 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.