TD Securities Forecasts Strong Price Appreciation for Maple Leaf Foods (TSE:MFI) Stock

Maple Leaf Foods (TSE:MFI) had its price target lifted by research analysts at TD Securities from C$38.00 to C$41.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 35.67% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Stifel Canada upgraded Maple Leaf Foods to a “strong-buy” rating in a research report on Monday, June 2nd. Scotiabank upgraded Maple Leaf Foods to a “hold” rating in a research report on Tuesday, April 1st. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$33.60.

Maple Leaf Foods Price Performance

MFI stock opened at C$30.22 on Tuesday. The firm has a 50 day moving average of C$27.88 and a 200-day moving average of C$24.81. The company has a market cap of C$3.78 billion, a price-to-earnings ratio of 111.53, a PEG ratio of 18.07 and a beta of 0.47. The company has a current ratio of 1.26, a quick ratio of 0.54 and a debt-to-equity ratio of 130.19. Maple Leaf Foods has a 12-month low of C$19.61 and a 12-month high of C$30.50.

Insider Buying and Selling

In other Maple Leaf Foods news, Senior Officer Olajumoke Fagbemi sold 3,600 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of C$26.33, for a total transaction of C$94,788.00. Following the sale, the insider directly owned 28 shares of the company’s stock, valued at approximately C$737.24. This represents a 99.23% decrease in their ownership of the stock. Company insiders own 39.87% of the company’s stock.

Maple Leaf Foods Company Profile

Maple Leaf Foods Inc is a consumer-packaged meats company. It produces prepared meats and meals, fresh pork, and poultry and turkey products. The company also has agribusiness operations. These operations supply livestock to the meat products business operations. Its main markets are Canada, the United States, Japan, and China.