MTY Food Group (TSE:MTY) Price Target Lowered to C$48.00 at Royal Bank Of Canada

MTY Food Group (TSE:MTYFree Report) had its target price trimmed by Royal Bank Of Canada from C$51.00 to C$48.00 in a research note released on Monday morning,BayStreet.CA reports.

Several other research analysts have also recently weighed in on MTY. Scotiabank upgraded shares of MTY Food Group to a “hold” rating in a research report on Wednesday, June 18th. Raymond James Financial decreased their price objective on shares of MTY Food Group from C$55.00 to C$50.00 in a research report on Monday, April 14th.

Get Our Latest Report on MTY Food Group

MTY Food Group Trading Up 2.0%

Shares of MTY opened at C$40.64 on Monday. The business’s 50-day moving average price is C$42.54 and its 200-day moving average price is C$43.66. MTY Food Group has a twelve month low of C$36.79 and a twelve month high of C$53.16. The stock has a market cap of C$947.62 million, a PE ratio of 10.15, a P/E/G ratio of 0.75 and a beta of 1.95. The company has a quick ratio of 0.57, a current ratio of 0.61 and a debt-to-equity ratio of 142.67.

MTY Food Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date was Thursday, May 1st. MTY Food Group’s payout ratio is currently 27.97%.

About MTY Food Group

(Get Free Report)

MTY Food Group Inc operates and franchises quick-service, fast-casual, and casual dining restaurants in Canada, the United States, and internationally. It also sells retail products under a multitude of banners. The company was formerly known as iNsu Innovations Group Inc and changed its name to MTY Food Group Inc in July 2003.

Recommended Stories

Receive News & Ratings for MTY Food Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MTY Food Group and related companies with MarketBeat.com's FREE daily email newsletter.