MTY Food Group (TSE:MTY) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

MTY Food Group Inc. (TSE:MTY) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$38.48 and traded as high as C$39.45. MTY Food Group shares last traded at C$39.09, with a volume of 17,341 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on MTY shares. National Bank Financial increased their price target on MTY Food Group from C$43.00 to C$49.00 and gave the company an “outperform” rating in a research note 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. Scotiabank upped their price objective on MTY Food Group from C$41.00 to C$46.00 and gave the company a “sector perform” rating in a report on Friday, February 20th. Raymond James Financial increased their target price on MTY Food Group from C$44.00 to C$46.00 and gave the company a “market perform” rating in a research note on Friday, February 20th. Finally, Royal Bank Of Canada raised their target price on MTY Food Group from C$45.00 to C$48.00 and gave the stock a “sector perform” rating in a report on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$47.33.

MTY Food Group Trading Down 0.8%

The company’s fifty day simple moving average is C$41.16 and its two-hundred day simple moving average is C$38.48. The company has a market capitalization of C$892.85 million, a price-to-earnings ratio of 7.55, a price-to-earnings-growth ratio of 0.75 and a beta of 0.87. The company has a quick ratio of 0.57, a current ratio of 0.66 and a debt-to-equity ratio of 177.88.

MTY Food Group Company Profile

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.