MTY Food Group (TSE:MTY) Given New C$52.00 Price Target at National Bankshares

MTY Food Group (TSE:MTY) had its price objective reduced by research analysts at National Bankshares from C$57.00 to C$52.00 in a report issued on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 18.29% from the company’s previous close.

Several other research firms have also commented on MTY. Raymond James cut their price objective on MTY Food Group from C$60.00 to C$55.00 in a research note on Tuesday, April 16th. Acumen Capital reduced their price objective on MTY Food Group from C$75.00 to C$65.00 and set a “buy” rating for the company in a report on Monday, April 15th. Scotiabank lowered their target price on MTY Food Group from C$55.00 to C$50.00 and set a “sector perform” rating on the stock in a report on Monday, April 15th. Royal Bank of Canada decreased their target price on shares of MTY Food Group from C$58.00 to C$51.00 and set a “sector perform” rating on the stock in a research report on Monday, April 15th. Finally, CIBC cut their price target on shares of MTY Food Group from C$62.00 to C$53.00 and set an “outperform” rating on the stock in a research note on Monday, April 15th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, MTY Food Group currently has a consensus rating of “Hold” and a consensus price target of C$53.57.

MTY Food Group Price Performance

TSE MTY traded down C$0.90 during trading hours on Wednesday, reaching C$43.96. The company’s stock had a trading volume of 18,271 shares, compared to its average volume of 51,560. The firm has a market capitalization of C$1.06 billion, a price-to-earnings ratio of 10.48, a P/E/G ratio of 0.75 and a beta of 1.98. The company’s 50-day moving average is C$46.36 and its two-hundred day moving average is C$51.02. The company has a debt-to-equity ratio of 154.98, a current ratio of 0.61 and a quick ratio of 0.57. MTY Food Group has a 1-year low of C$43.34 and a 1-year high of C$68.60.

MTY Food Group (TSE:MTY) last announced its earnings results on Friday, April 12th. The company reported C$0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.83 by C($0.12). The business had revenue of C$278.64 million for the quarter, compared to analysts’ expectations of C$263.20 million. MTY Food Group had a net margin of 8.86% and a return on equity of 13.23%. On average, equities analysts predict that MTY Food Group will post 3.6823529 EPS for the current year.

About MTY Food Group

MTY Food Group Inc operates and franchises quick-service, fast-casual, and casual dining restaurants in Canada, the United States, and internationally. It also sells retail products under a multitude of banners. The company was formerly known as iNsu Innovations Group Inc and changed its name to MTY Food Group Inc in July 2003.