TD Securities Trims MTY Food Group Inc (TSE:MTY) Target Price to C$46.00
MTY Food Group Inc (TSE:MTY) had its target price decreased by TD Securities from C$48.00 to C$46.00 in a research report issued on Tuesday, July 11th. The brokerage currently has a “hold” rating on the stock. TD Securities’ target price suggests a potential downside of 1.33% from the company’s current price.
A number of other equities research analysts also recently issued reports on the stock. Scotiabank increased their target price on shares of MTY Food Group from C$48.00 to C$49.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 11th. National Bank Financial upgraded shares of MTY Food Group from a “sector perform under weight” rating to an “outperfrom under weight” rating in a research report on Monday, April 10th.
MTY Food Group (TSE MTY) remained flat at $46.62 during mid-day trading on Tuesday. The company’s stock had a trading volume of 16,446 shares. The company’s 50 day moving average price is $46.16 and its 200-day moving average price is $48.01. The company has a market cap of $996.46 million and a PE ratio of 15.65. MTY Food Group has a 52-week low of $38.70 and a 52-week high of $53.20.
MTY Food Group Company Profile
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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