Maple Leaf Foods (TSE:MFI) Given New C$47.00 Price Target at TD Securities

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Maple Leaf Foods (TSE:MFI) had its target price hoisted by TD Securities from C$39.00 to C$47.00 in a report released on Friday, BayStreet.CA reports. The firm currently has an action list buy rating on the stock.

MFI has been the topic of a number of other reports. Royal Bank of Canada decreased their price objective on 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. CIBC upped their price objective on Maple Leaf Foods from C$38.00 to C$41.00 in a report on Friday. Finally, BMO Capital Markets upgraded Maple Leaf Foods from a market perform rating to an outperform rating and upped their price objective for the company from C$31.00 to C$39.00 in a report on Friday, May 3rd.

MFI opened at C$34.40 on Friday. Maple Leaf Foods has a one year low of C$26.05 and a one year high of C$35.81. The firm has a market capitalization of $4.28 billion and a PE ratio of 35.54. The firm has a 50 day simple moving average of C$30.12. The company has a quick ratio of 0.44, a current ratio of 1.39 and a debt-to-equity ratio of 35.45.

In other Maple Leaf Foods news, Senior Officer Andreas Liris sold 3,388 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of C$33.36, for a total transaction of C$113,006.74. Following the transaction, the insider now directly owns 12,675 shares in the company, valued at C$422,774.63. Also, Senior Officer Rory A. Mcalpine sold 3,000 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of C$33.27, for a total value of C$99,798.00. Following the transaction, the insider now owns 20,842 shares in the company, valued at C$693,329.97. Insiders sold 15,988 shares of company stock worth $510,405 over the last quarter.

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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