MTY Food Group (TSE:MTY) Given New C$40.00 Price Target at National Bank Financial

MTY Food Group (TSE:MTY) had its target price lowered by analysts at National Bank Financial from C$43.00 to C$40.00 in a research note issued on Tuesday, BayStreet reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 26.62% from the stock’s previous close.

A number of other research analysts have also weighed in on the stock. Raymond James Financial cut their target price on shares of MTY Food Group from C$45.00 to C$40.00 and set a “market perform” rating for the company in a report on Monday, July 13th. Acumen Capital reduced their target price on shares of MTY Food Group from C$50.00 to C$48.00 and set a “buy” rating on the stock in a report on Monday, July 13th. Royal Bank Of Canada dropped their price target on MTY Food Group from C$46.00 to C$41.00 and set a “sector perform” rating for the company in a research report on Monday, July 13th. TD lowered their price objective on MTY Food Group from C$42.00 to C$38.00 and set a “hold” rating for the company in a research note on Monday, July 13th. Finally, Scotia decreased their price target on MTY Food Group from C$45.00 to C$40.00 and set a “sector perform” rating on the stock in a report on Monday, July 13th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, MTY Food Group presently has an average rating of “Hold” and an average price target of C$42.12.

MTY Food Group Price Performance

MTY traded down C$0.86 on Tuesday, hitting C$31.59. 62,131 shares of the company’s stock traded hands, compared to its average volume of 88,261. The company’s 50 day simple moving average is C$34.50 and its 200-day simple moving average is C$37.49. The company has a current ratio of 0.73, a quick ratio of 0.56 and a debt-to-equity ratio of 123.64. MTY Food Group has a one year low of C$31.57 and a one year high of C$45.90. The firm has a market cap of C$721.55 million, a price-to-earnings ratio of 6.42, a P/E/G ratio of 0.75 and a beta of 1.03.

MTY Food Group (TSE:MTY) last posted its earnings results on Friday, July 10th. The company reported C$0.67 earnings per share for the quarter. MTY Food Group had a net margin of 9.78% and a return on equity of 13.22%. The company had revenue of C$279.94 million during the quarter. As a group, research analysts anticipate that MTY Food Group will post 4.4909091 EPS for the current 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.