MTY Food Group (TSE:MTY) Shares Cross Above 200-Day Moving Average – Time to Sell?

Shares of MTY Food Group Inc. (TSE:MTY) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$38.44 and traded as high as C$39.02. MTY Food Group shares last traded at C$38.86, with a volume of 76,137 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada boosted their price target on shares of MTY Food Group from C$45.00 to C$48.00 and gave the stock a “sector perform” rating in a research note on Friday, February 20th. National Bank Financial lifted their price objective on MTY Food Group from C$43.00 to C$49.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Scotiabank boosted their target price on MTY Food Group from C$41.00 to C$46.00 and gave the stock a “sector perform” rating in a research report on Friday, February 20th. Raymond James Financial increased their target price on MTY Food Group from C$44.00 to C$46.00 and gave the stock a “market perform” rating in a research note on Friday, February 20th. Finally, TD Securities lifted their price target on MTY Food Group from C$37.00 to C$45.00 and gave the company a “hold” rating in a research note on Friday, February 20th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$47.33.

MTY Food Group Stock Up 0.7%

The firm has a 50 day moving average of C$41.24 and a two-hundred day moving average of C$38.44. The stock has a market capitalization of C$885.55 million, a PE ratio of 7.48, a P/E/G ratio of 0.75 and a beta of 0.87. The company has a current ratio of 0.66, a quick ratio of 0.57 and a debt-to-equity ratio of 177.88.

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. It generates maximum revenue from Canada. The company brands include Big Smoke Burger, Cafe Depot, Country Style, Croissant Plus, Cultures, Extremepita, Fabrika, Jus Jugo Juice, Koya Japan, ManchuWok, Muffin plus, Valentine, Van Houtte, Shushiman and others.