Maple Leaf Foods (TSE:MFI) Price Target Cut to C$35.00

Maple Leaf Foods (TSE:MFI) had its price objective reduced by stock analysts at Canaccord Genuity Group from C$39.00 to C$35.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 36.83% from the stock’s current price.

Several other brokerages have also recently issued reports on MFI. Royal Bank of Canada lowered their price objective on shares of Maple Leaf Foods from C$36.00 to C$32.00 and set an “outperform” rating for the company in a research note on Friday. BMO Capital Markets lowered their price objective on shares of Maple Leaf Foods from C$34.00 to C$33.00 and set an “outperform” rating for the company in a research note on Wednesday, September 6th. Scotiabank lowered their price objective on shares of Maple Leaf Foods from C$37.00 to C$36.00 and set an “outperform” rating for the company in a research note on Friday. CIBC lowered their price objective on shares of Maple Leaf Foods from C$37.00 to C$36.00 and set an “outperform” rating for the company in a research note on Friday. Finally, TD Securities lifted their target price on shares of Maple Leaf Foods from C$39.00 to C$40.00 and gave the company an “action list buy” rating in a report on Friday, August 4th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Maple Leaf Foods has a consensus rating of “Buy” and an average target price of C$34.14.

Maple Leaf Foods Stock Up 1.2 %

MFI stock opened at C$25.58 on Friday. Maple Leaf Foods has a one year low of C$18.85 and a one year high of C$31.63. The company has a 50 day moving average price of C$26.76 and a two-hundred day moving average price of C$26.97. The stock has a market capitalization of C$3.12 billion, a P/E ratio of -8.23, a PEG ratio of 18.07 and a beta of 0.63. The company has a debt-to-equity ratio of 137.65, a quick ratio of 0.54 and a current ratio of 1.15.

Insiders Place Their Bets

In other Maple Leaf Foods news, Director Katherine Newell Lemon sold 3,500 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of C$29.88, for a total value of C$104,563.55. 40.22% of the stock is currently owned by company insiders.

Maple Leaf Foods Company Profile

Maple Leaf Foods Inc produces food products in the United States, Canada, Japan, China, and internationally. The company produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, fresh pork and poultry, and plant protein products; bacon, hams, wieners, and meat snacks; a variety of delicatessen products; and processed chicken products, such as fully cooked chicken breasts and wings, processed turkey products, specialty sausages, cooked meats, sliced meats, cooked sausage products, lunch kits, and canned meats.