Maple Leaf Foods (TSE:MFI) Price Target Lowered to C$31.50 at Scotiabank

Maple Leaf Foods (TSE:MFI) had its price objective decreased by research analysts at Scotiabank from C$33.50 to C$31.50 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s target price indicates a potential upside of 32.74% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. National Bankshares set a C$29.00 price objective on shares of Maple Leaf Foods and gave the stock an “outperform” rating in a research report on Monday, April 22nd. CIBC lowered their price objective on shares of Maple Leaf Foods from C$32.00 to C$31.00 and set an “outperform” rating for the company in a research report on Friday. Royal Bank of Canada lowered their price objective on shares of Maple Leaf Foods from C$32.00 to C$29.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd. Canaccord Genuity Group lowered their price objective on shares of Maple Leaf Foods from C$35.00 to C$30.00 and set a “buy” rating for the company in a research report on Friday, February 23rd. Finally, TD Securities lowered shares of Maple Leaf Foods from an “action list buy” rating to a “buy” rating and reduced their target price for the stock from C$40.00 to C$31.00 in a report on Friday, February 23rd. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$30.07.

Maple Leaf Foods Price Performance

Shares of TSE:MFI opened at C$23.73 on Friday. The firm has a 50 day moving average of C$23.29 and a 200-day moving average of C$24.72. The stock has a market capitalization of C$2.91 billion, a PE ratio of -23.04, a PEG ratio of 18.07 and a beta of 0.48. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 140.69. Maple Leaf Foods has a 12 month low of C$21.52 and a 12 month high of C$31.63.

Maple Leaf Foods (TSE:MFI) last issued its earnings results on Thursday, February 22nd. The company reported C$0.08 EPS for the quarter. The company had revenue of C$1.19 billion during the quarter. Maple Leaf Foods had a negative net margin of 2.57% and a negative return on equity of 7.86%. On average, equities research analysts predict that Maple Leaf Foods will post 0.994288 EPS for the current fiscal year.

About Maple Leaf Foods

Maple Leaf Foods Inc produces food products in the United States, Canada, Japan, China, and internationally. The company operates through Meat Protein Group and Plant Protein Group segments. It 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.