MTY Food Group Inc. (TSE:MTY) Receives C$42.50 Average Price Target from Brokerages

MTY Food Group Inc. (TSE:MTY) has received a consensus rating of “Hold” from the eight research firms that are presently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$42.50.

Several equities analysts recently issued reports on the company. Scotiabank decreased their price target on MTY Food Group from C$46.00 to C$45.00 and set a “sector perform” rating on the stock in a report on Monday, April 13th. National Bank Financial dropped their price objective on MTY Food Group from C$49.00 to C$43.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Acumen Capital cut their target price on shares of MTY Food Group from C$50.00 to C$48.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. TD Securities raised shares of MTY Food Group to a “hold” rating in a research note on Monday, July 13th. Finally, Scotia reduced their target price on shares of MTY Food Group from C$45.00 to C$40.00 and set a “sector perform” rating on the stock in a research note on Monday, July 13th.

MTY Food Group Stock Down 0.3%

Shares of MTY opened at C$32.85 on Monday. The business’s fifty day moving average price is C$37.67 and its two-hundred day moving average price is C$39.40. The firm has a market capitalization of C$750.33 million, a price-to-earnings ratio of 6.68, a PEG ratio of 0.75 and a beta of 1.00. MTY Food Group has a 52 week low of C$31.87 and a 52 week high of C$45.90. The company has a debt-to-equity ratio of 123.64, a quick ratio of 0.56 and a current ratio of 0.73.

MTY Food Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, August 14th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 4.5%. The ex-dividend date is Tuesday, August 4th. MTY Food Group’s dividend payout ratio is currently 28.46%.

About MTY Food Group

MTY Group franchises and operates quick-service, fast casual and casual dining restaurants over 80 different banners in Canada, the US and Internationally. Based in Montreal, MTY is a family whose heart beats to the rhythm of its brands, the very soul of its multi-branded strategy. For over 45 years, it has been increasing its presence by delivering new concepts of restaurants, making acquisitions, and forging strategic alliances, which have allowed it to reach new heights year after year. By combining new trends with operational know-how, the brands forming the MTY Group now touch the lives of millions of people every year.