MTY Food Group (TSE:MTY) Shares Pass Above 200 Day Moving Average – Time to Sell?

MTY Food Group Inc. (TSE:MTY)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$38.48 and traded as high as C$39.50. MTY Food Group shares last traded at C$39.25, with a volume of 60,252 shares changing hands.

Analysts Set New Price Targets

MTY has been the topic of a number of research analyst reports. Raymond James Financial boosted their target price on MTY Food Group from C$44.00 to C$46.00 and gave the stock a “market perform” rating in a research report on Friday, February 20th. Royal Bank Of Canada raised their price target on MTY Food Group from C$45.00 to C$48.00 and gave the company a “sector perform” rating in a report on Friday, February 20th. TD Securities lifted their price objective on MTY Food Group from C$37.00 to C$45.00 and gave the stock a “hold” rating in a research note on Friday, February 20th. National Bank Financial upped their price objective on MTY Food Group from C$43.00 to C$49.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Finally, Scotiabank increased their target price on MTY Food Group from C$41.00 to C$46.00 and gave the company a “sector perform” rating in a research report on Friday, February 20th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$47.33.

MTY Food Group Stock Performance

The business’s fifty day moving average price is C$40.95 and its two-hundred day moving average price is C$38.48. The company has a debt-to-equity ratio of 177.88, a quick ratio of 0.57 and a current ratio of 0.66. The stock has a market capitalization of C$896.51 million, a P/E ratio of 7.58, a P/E/G ratio of 0.75 and a beta of 0.87.

About MTY Food Group

MTY Food Group Inc is a franchisor in the quick service and casual dining food industry. Its activities consist of franchising and operating corporate-owned locations as well as the sale of retail products under a multitude of banners. The company’s operating segment is based on geographical regions namely Canada and US and International. It generates maximum revenue from Canada. The company brands include Big Smoke Burger, Cafe Depot, Country Style, Croissant Plus, Cultures, Extremepita, Fabrika, Jus Jugo Juice, Koya Japan, ManchuWok, Muffin plus, Valentine, Van Houtte, Shushiman and others.