National Bankshares Lowers Maple Leaf Foods (TSE:MFI) Price Target to C$36.00

Maple Leaf Foods (TSE:MFI) had its price target dropped by stock analysts at National Bankshares from C$39.00 to C$36.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price objective points to a potential upside of 33.53% from the company’s previous close.

Other analysts have also issued research reports about the company. Stifel Nicolaus upped their target price on Maple Leaf Foods from C$36.50 to C$40.50 and gave the stock a “buy” rating in a report on Friday, August 8th. TD Securities lowered their target price on Maple Leaf Foods from C$47.00 to C$43.00 and set a “buy” rating for the company in a report on Thursday, October 2nd. BMO Capital Markets set a C$35.00 target price on Maple Leaf Foods and gave the stock an “outperform” rating in a report on Friday, October 3rd. Scotiabank lowered their target price on Maple Leaf Foods from C$35.00 to C$32.00 and set a “sector perform” rating for the company in a report on Wednesday, October 8th. Finally, CIBC increased their price objective on Maple Leaf Foods from C$32.00 to C$38.00 in a report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$36.31.

Maple Leaf Foods Stock Down 0.1%

Maple Leaf Foods stock opened at C$26.96 on Thursday. The business has a fifty day moving average of C$32.42 and a two-hundred day moving average of C$29.82. The company has a quick ratio of 0.54, a current ratio of 1.26 and a debt-to-equity ratio of 130.19. The firm has a market cap of C$3.36 billion, a P/E ratio of 18.72, a P/E/G ratio of 18.07 and a beta of 0.70. Maple Leaf Foods has a twelve month low of C$19.61 and a twelve month high of C$36.35.

Insider Buying and Selling at Maple Leaf Foods

In other news, insider Olajumoke Fagbemi bought 2,651 shares of Maple Leaf Foods stock in a transaction that occurred on Wednesday, August 27th. The stock was bought at an average price of C$35.71 per share, for a total transaction of C$94,665.62. Following the purchase, the insider directly owned 2,679 shares of the company’s stock, valued at approximately C$95,665.48. The trade was a 9,467.86% increase in their position. Also, insider Andreas Liris sold 1,000 shares of the firm’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of C$34.77, for a total value of C$34,770.00. Following the completion of the transaction, the insider owned 14,001 shares of the company’s stock, valued at C$486,814.77. This trade represents a 6.67% decrease in their position. Corporate insiders own 39.87% of the company’s stock.

About Maple Leaf Foods

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.