BMO Capital Markets Increases Maple Leaf Foods (TSE:MFI) Price Target to C$40.00

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Maple Leaf Foods (TSE:MFI) had its price target raised by BMO Capital Markets from C$39.00 to C$40.00 in a report published on Friday, BayStreet.CA reports.

MFI has been the topic of a number of other research reports. Royal Bank of Canada decreased their price target on shares of Maple Leaf Foods from C$34.00 to C$33.00 and set a sector perform rating on the stock in a report on Friday, May 3rd. TD Securities lifted their price target on shares of Maple Leaf Foods from C$39.00 to C$47.00 and gave the company an action list buy rating in a report on Friday. Finally, CIBC lifted their price target on shares of Maple Leaf Foods from C$38.00 to C$41.00 in a report on Friday.

Shares of MFI opened at C$34.40 on Friday. The firm has a market cap of $4.28 billion and a price-to-earnings ratio of 35.54. The company has a fifty day moving average of C$30.12. Maple Leaf Foods has a fifty-two week low of C$26.05 and a fifty-two week high of C$35.81. The company has a debt-to-equity ratio of 35.45, a quick ratio of 0.44 and a current ratio of 1.39.

In related news, Senior Officer Richard Young sold 9,600 shares of Maple Leaf Foods stock in a transaction on Thursday, June 13th. The shares were sold at an average price of C$31.00, for a total transaction of C$297,600.00. Following the transaction, the insider now owns 240,433 shares in the company, valued at approximately C$7,453,423. Also, Senior Officer Andreas Liris sold 3,388 shares of Maple Leaf Foods stock in a transaction on Friday, May 10th. The shares were sold at an average price of C$33.36, for a total transaction of C$113,006.74. Following the transaction, the insider now owns 12,675 shares in the company, valued at approximately C$422,774.63. In the last quarter, insiders sold 15,988 shares of company stock worth $510,405.

Maple Leaf Foods Company Profile

Maple Leaf Foods Inc operates as a consumer protein company. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, fresh pork, poultry, and plant protein products. The company offers its products under various brands, including Maple Leaf, Maple Leaf Prime, Maple Leaf Natural Selections, Schneiders, Schneiders Country Naturals, Mina, Greenfield Natural Meat Co, Lightlife, Field Roast Grain Meat Co, and Swift.

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