Scotiabank reiterated their outperform rating on shares of MTY Food Group Inc. (TSE:MTY) in a research note released on Thursday. Scotiabank currently has a C$49.00 price target on the stock.

MTY Food Group (TSE:MTY) traded up 0.82% during midday trading on Thursday, reaching $45.60. The company’s stock had a trading volume of 3,630 shares. The firm has a market capitalization of $871.87 million and a PE ratio of 31.67. MTY Food Group has a 1-year low of $27.91 and a 1-year high of $46.50. The stock’s 50-day moving average price is $43.65 and its 200 day moving average price is $40.25.

About MTY Food Group

MTY Food Group Inc is a Canada-based company, which franchises and operates quick-service restaurants. The Company operates in four segments: Franchising, which includes revenue from royalties, supplier contributions, franchise fees, rent, and the construction and renovation of restaurants; Corporate, which includes the direct sale of prepared food to customers; Distribution, which includes distribution of raw materials to restaurants of its Valentine and Franx banners, and processing, which includes the sale of ingredients and prepared food to restaurant chains, distributors and retailers.

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