MTY Food Group (TSE:MTY) Stock Price Expected to Rise, Scotiabank Analyst Says

MTY Food Group (TSE:MTY) had its price objective raised by stock analysts at Scotiabank from C$39.00 to C$41.00 in a note issued to investors on Tuesday,BayStreet.CA reports. Scotiabank’s price target indicates a potential upside of 15.82% from the stock’s current price.

Several other research analysts also recently commented on MTY. National Bankshares reduced their target price on MTY Food Group from C$51.00 to C$43.00 and set an “outperform” rating on the stock in a report on Tuesday, October 14th. Royal Bank Of Canada decreased their target price on MTY Food Group from C$48.00 to C$45.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 14th. Finally, TD Securities reduced their price target on shares of MTY Food Group from C$42.00 to C$37.00 and set a “hold” rating on the stock in a research report on Tuesday, October 14th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$44.33.

MTY Food Group Price Performance

MTY Food Group stock traded down C$2.87 during mid-day trading on Tuesday, hitting C$35.40. 165,951 shares of the company were exchanged, compared to its average volume of 69,156. The company has a market capitalization of C$808.57 million, a PE ratio of 23.92, a price-to-earnings-growth ratio of 0.75 and a beta of 1.27. The business has a fifty day moving average of C$36.23 and a 200 day moving average of C$39.32. MTY Food Group has a 1-year low of C$32.92 and a 1-year high of C$53.16. The company has a quick ratio of 0.57, a current ratio of 0.61 and a debt-to-equity ratio of 142.67.

MTY Food Group (TSE:MTY) last issued its earnings results on Friday, October 10th. The company reported C$1.22 EPS for the quarter. MTY Food Group had a net margin of 8.30% and a return on equity of 11.66%. The company had revenue of C$296.99 million for the quarter. As a group, sell-side analysts expect that MTY Food Group will post 4.4909091 earnings per share for the current year.

MTY Food Group Company Profile

MTY Food Group Inc is a franchisor in the quick service and casual dining food industry. Its activities consist of franchising and operating corporate-owned locations as well as the sale of retail products under a multitude of banners. The company’s operating segment is based on geographical regions namely Canada and US and International.