MTY Food Group (TSE:MTY) Given New C$48.00 Price Target at Acumen Capital

MTY Food Group (TSE:MTY) had its target price decreased by equities researchers at Acumen Capital from C$50.00 to C$48.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Acumen Capital’s price objective indicates a potential upside of 42.90% from the company’s current price.

Other equities research analysts have also issued research reports about the company. National Bank Financial dropped their target price on MTY Food Group from C$49.00 to C$43.00 and set an “outperform” rating on the stock in a research report on Monday. Raymond James Financial decreased their price objective on shares of 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. TD dropped their price objective on shares of MTY Food Group from C$42.00 to C$38.00 and set a “hold” rating on the stock in a report on Monday. Royal Bank Of Canada cut their price objective on shares of MTY Food Group from C$46.00 to C$41.00 and set a “sector perform” rating on the stock in a research note on Monday. Finally, Scotiabank reduced their target price on shares of MTY Food Group from C$46.00 to C$45.00 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 company. According to data from MarketBeat, MTY Food Group currently has an average rating of “Hold” and a consensus price target of C$42.50.

MTY Food Group Stock Performance

Shares of MTY stock traded down C$0.16 during mid-day trading on Monday, reaching C$33.59. The stock had a trading volume of 181,811 shares, compared to its average volume of 76,176. The business’s fifty day moving average is C$38.59 and its 200-day moving average 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. The firm has a market cap of C$767.23 million, a price-to-earnings ratio of 4.99, a PEG ratio of 0.75 and a beta of 1.00. MTY Food Group has a 1-year low of C$31.87 and a 1-year high of C$45.90.

MTY Food Group (TSE:MTY) last announced its quarterly earnings data on Friday, April 10th. The company reported C$0.98 earnings per share (EPS) for the quarter. MTY Food Group had a return on equity of 13.22% and a net margin of 9.78%.The firm had revenue of C$267.76 million during the quarter. On average, research analysts forecast that MTY Food Group will post 4.4909091 earnings per share for the current year.

MTY Food Group Company Profile

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.