CIBC Boosts Maple Leaf Foods (TSE:MFI) Price Target to C$41.00

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Maple Leaf Foods (TSE:MFI) had its price target increased by CIBC from C$38.00 to C$41.00 in a report issued on Friday, BayStreet.CA reports.

Several other equities research analysts have also issued reports on the company. BMO Capital Markets raised Maple Leaf Foods from a market perform rating to an outperform rating and raised their price objective for the company from C$31.00 to C$39.00 in a research note on Friday, May 3rd. Royal Bank of Canada lowered their price objective on Maple Leaf Foods from C$34.00 to C$33.00 and set a sector perform rating for the company in a research note on Friday, May 3rd.

Shares of Maple Leaf Foods stock opened at C$34.40 on Friday. The company has a market capitalization of $4.28 billion and a price-to-earnings ratio of 35.54. Maple Leaf Foods has a 12 month low of C$26.05 and a 12 month high of C$35.81. The company’s 50 day moving average price is C$30.12. 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 other news, Senior Officer Andreas Liris sold 3,388 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of C$33.36, for a total value of C$113,006.74. Following the completion of the sale, the insider now directly owns 12,675 shares of the company’s stock, valued at approximately C$422,774.63. Also, Senior Officer Richard Young sold 9,600 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of C$31.00, for a total value of C$297,600.00. Following the completion of the sale, the insider now directly owns 240,433 shares of the company’s stock, valued at C$7,453,423. Insiders sold a total of 15,988 shares of company stock valued at $510,405 over the last ninety days.

About Maple Leaf Foods

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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