Maple Leaf Foods (TSE:MFI) Price Target Cut to C$34.00 by Analysts at TD Securities

Maple Leaf Foods (TSE:MFI) had its price objective lowered by analysts at TD Securities from C$35.00 to C$34.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 54.83% from the stock’s previous close.

Several other analysts have also commented on MFI. National Bankshares reduced their price target on shares of Maple Leaf Foods from C$29.00 to C$28.00 in a research report on Friday, August 9th. CIBC decreased their price target on Maple Leaf Foods from C$31.00 to C$30.00 in a research note on Friday, August 9th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$29.93.

Maple Leaf Foods Price Performance

Shares of TSE MFI traded up C$0.66 during mid-day trading on Thursday, reaching C$21.96. The company’s stock had a trading volume of 275,911 shares, compared to its average volume of 168,893. The stock has a market capitalization of C$2.70 billion, a P/E ratio of 244.89, a P/E/G ratio of 18.07 and a beta of 0.47. Maple Leaf Foods has a 1-year low of C$21.05 and a 1-year high of C$27.55. The stock has a 50-day moving average of C$22.03 and a two-hundred day moving average of C$23.02. The company has a debt-to-equity ratio of 132.03, a quick ratio of 0.54 and a current ratio of 1.32.

Insider Activity at Maple Leaf Foods

In other news, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of C$21.23, for a total value of C$55,198.00. 39.87% of the stock is owned by corporate insiders.

Maple Leaf Foods Company Profile

Maple Leaf Foods Inc produces food products in the United States, Canada, Japan, China, and internationally. The company operates through Meat Protein Group and Plant Protein Group segments. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, fresh pork and poultry, and plant protein products; bacon, hams, wieners, and meat snacks; a variety of delicatessen products; and processed chicken products, such as fully cooked chicken breasts and wings, processed turkey products, specialty sausages, cooked meats, sliced meats, cooked sausage products, lunch kits, and canned meats.