MTY Food Group (TSE:MTY) Given New C$45.00 Price Target at Scotiabank

MTY Food Group (TSE:MTY) had its price objective decreased by Scotiabank from C$46.00 to C$45.00 in a research note released on Monday morning,BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

Several other equities analysts also recently weighed in on the company. Raymond James Financial dropped their price objective on MTY Food Group from C$46.00 to C$45.00 and set a “market perform” rating for the company in a research note on Monday. Royal Bank Of Canada dropped their price objective on MTY Food Group from C$48.00 to C$46.00 and set a “sector perform” rating for the company in a research note on Monday. TD Securities raised their price objective on MTY Food Group from C$37.00 to C$45.00 and gave the company a “hold” rating in a research note on Friday, February 20th. TD dropped their price objective on MTY Food Group from C$45.00 to C$42.00 and set a “hold” rating for the company in a research note on Monday. Finally, National Bank Financial set a C$49.00 price objective on MTY Food Group and gave the company an “outperform” rating in a research note on Monday, April 6th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$46.00.

MTY Food Group Stock Down 3.1%

MTY opened at C$37.65 on Monday. The company has a debt-to-equity ratio of 127.62, a current ratio of 0.69 and a quick ratio of 0.57. The business has a 50 day simple moving average of C$40.45 and a 200-day simple moving average of C$38.56. The stock has a market capitalization of C$859.96 million, a P/E ratio of 7.27, a P/E/G ratio of 0.75 and a beta of 0.85. MTY Food Group has a 12 month low of C$32.92 and a 12 month high of C$46.36.

MTY Food Group (TSE:MTY) last posted its quarterly earnings results on Friday, April 10th. The company reported C$0.98 EPS for the quarter. The business had revenue of C$267.77 million during the quarter. MTY Food Group had a return on equity of 18.59% and a net margin of 13.14%. On average, equities analysts anticipate that MTY Food Group will post 4.4909091 earnings per share for the current fiscal year.

Key MTY Food Group News

Here are the key news stories impacting MTY Food Group this week:

• Negative Sentiment: Papa Murphy’s continued to face operational challenges in Q1, which can pressure MTY’s U.S. franchise revenue and same-store sales if the brand’s recovery remains slow. Papa Murphy’s challenges continued in Q1
• Negative Sentiment: Raymond James cut its price target to C$45.00 and set a “market perform” rating — a downgrade that signals less upside than before and may reduce buy-side conviction. Raymond James price target cut
• Negative Sentiment: RBC lowered its target to C$46.00 and moved to “sector perform”, reducing analysts’ valuation support and likely weighing on sentiment. RBC price target cut
• Negative Sentiment: TD cut its target to C$42.00 and kept a “hold” rating, trimming expected upside and signaling more cautious near‑term expectations. TD price target cut
• Negative Sentiment: Scotiabank trimmed its target to C$45.00 with a “sector perform” stance, adding to the cluster of analyst downgrades pressuring the stock. Scotiabank price target cut

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.