Maple Leaf Foods (TSE:MFI – Get Free Report) had its price objective decreased by investment analysts at CIBC from C$32.00 to C$31.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s price objective would indicate a potential upside of 30.64% from the company’s current price.
MFI has been the subject of several other research reports. BMO Capital Markets lowered their target price on shares of Maple Leaf Foods from C$31.00 to C$29.00 in a research note on Friday, February 23rd. TD Securities lowered shares of Maple Leaf Foods from an “action list buy” rating to a “buy” rating and lowered their target price for the stock from C$40.00 to C$31.00 in a research note on Friday, February 23rd. Scotiabank lowered their target price on shares of Maple Leaf Foods from C$37.50 to C$33.50 and set an “outperform” rating for the company in a research note on Friday, February 23rd. Canaccord Genuity Group lowered their target price 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 note on Friday, February 23rd. Finally, 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 note on Friday, February 23rd. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$30.07.
Read Our Latest Stock Analysis on Maple Leaf Foods
Maple Leaf Foods Trading Up 1.5 %
Maple Leaf Foods (TSE:MFI – Get Free Report) last announced its earnings results on Thursday, February 22nd. The company reported C$0.08 earnings per share 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%. Sell-side analysts forecast that Maple Leaf Foods will post 0.994288 EPS for the current year.
Maple Leaf Foods Company Profile
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.
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