MTY Food Group (TSE:MTY) Price Target Lowered to C$41.00 at Royal Bank Of Canada

MTY Food Group (TSE:MTY) had its target price dropped by research analysts at Royal Bank Of Canada from C$46.00 to C$41.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 22.06% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. TD lowered their price target on MTY Food Group from C$45.00 to C$42.00 and set a “hold” rating on the stock in a report on Monday, April 13th. Raymond James Financial reduced their price objective on shares of MTY Food Group from C$46.00 to C$45.00 and set a “market perform” rating for the company in a research note on Monday, April 13th. Scotiabank decreased their price objective on shares of MTY Food Group from C$46.00 to C$45.00 and set a “sector perform” rating for the company in a report on Monday, April 13th. Finally, National Bank Financial lowered their target price on shares of MTY Food Group from C$49.00 to C$43.00 and set an “outperform” rating on the stock in a research note on Monday. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, MTY Food Group has a consensus rating of “Hold” and a consensus target price of C$42.50.

MTY Food Group Stock Down 0.5%

Shares of MTY traded down C$0.16 during trading hours on Monday, hitting C$33.59. 181,811 shares of the company were exchanged, compared to its average volume of 76,176. The company has a debt-to-equity ratio of 123.64, a quick ratio of 0.56 and a current ratio of 0.73. The company has a market cap of C$767.23 million, a PE ratio of 4.99, a PEG ratio of 0.75 and a beta of 1.00. The firm’s 50 day moving average is C$38.59 and its 200-day moving average is C$39.67. MTY Food Group has a 52 week low of C$31.87 and a 52 week high of C$45.90.

MTY Food Group (TSE:MTY) last issued its quarterly earnings data on Friday, April 10th. The company reported C$0.98 earnings per share for the quarter. MTY Food Group had a return on equity of 13.22% and a net margin of 9.78%.The business had revenue of C$267.76 million for the quarter. On average, equities research analysts forecast that MTY Food Group will post 4.4909091 EPS for the current fiscal year.

About MTY Food Group

MTY Group franchises and operates quick-service, fast casual and casual dining restaurants over 80 different banners in Canada, the US and Internationally. Based in Montreal, MTY is a family whose heart beats to the rhythm of its brands, the very soul of its multi-branded strategy. For over 45 years, it has been increasing its presence by delivering new concepts of restaurants, making acquisitions, and forging strategic alliances, which have allowed it to reach new heights year after year. By combining new trends with operational know-how, the brands forming the MTY Group now touch the lives of millions of people every year.