Maple Leaf Foods (OTCMKTS:MLFNF) Stock Price Up 0.2% – Still a Buy?

Maple Leaf Foods Inc. (OTCMKTS:MLFNF)’s share price was up 0.2% during mid-day trading on Monday. The stock traded as high as $18.1620 and last traded at $18.1620. Approximately 27,635 shares were traded during trading, a decline of 3% from the average session volume of 28,531 shares. The stock had previously closed at $18.13.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on MLFNF shares. BMO Capital Markets reiterated an “outperform” rating on shares of Maple Leaf Foods in a report on Thursday, August 13th. Scotiabank restated an “outperform” rating on shares of Maple Leaf Foods in a research note on Thursday, August 13th. Finally, Canadian Imperial Bank of Commerce assumed coverage on shares of Maple Leaf Foods in a report on Monday, July 27th. They set an “outperform” rating for the company. Five analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company currently has an average rating of “Buy”.

Maple Leaf Foods Stock Up 0.5%

The company has a 50 day moving average of $18.66 and a 200-day moving average of $20.35.

Maple Leaf Foods Company Profile

Maple Leaf Foods Inc is a Canadian food company focused primarily on the production and marketing of prepared meats and pork products. Its portfolio includes ready-to-eat and ready-to-cook products such as deli meats, bacon, sausage, ham, hot dogs and other packaged meat items sold through grocery, foodservice and other retail channels.

The company markets products under brands including Maple Leaf, Schneiders, Greenfield Natural Meat Co, Natural Selections and Mina. Maple Leaf Foods has also emphasized animal-welfare standards, sustainable production and the development of value-added food products.