MTY Food Group (MTY) PT Lowered to C$55.00

MTY Food Group (TSE:MTY) had its price objective decreased by analysts at TD Securities from C$60.00 to C$55.00 in a research note issued on Monday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ target price would suggest a potential downside of 0.60% from the company’s previous close.

Several other brokerages also recently issued reports on MTY. National Bank Financial restated an “outperform” rating and set a C$70.00 price objective on shares of MTY Food Group in a research report on Friday, January 18th. Laurentian cut their price objective on shares of MTY Food Group from C$65.00 to C$60.00 in a research report on Saturday.

MTY stock traded up C$1.45 during mid-day trading on Monday, hitting C$55.33. 77,065 shares of the company were exchanged, compared to its average volume of 77,025. The company has a quick ratio of 0.39, a current ratio of 0.45 and a debt-to-equity ratio of 43.70. The company has a market capitalization of $1.36 billion and a PE ratio of 13.62. MTY Food Group has a 1-year low of C$44.97 and a 1-year high of C$73.19.

MTY Food Group (TSE:MTY) last issued its quarterly earnings data on Thursday, April 11th. The company reported C$0.58 earnings per share (EPS) for the quarter. The company had revenue of C$107.30 million for the quarter. As a group, research analysts expect that MTY Food Group will post 3.15999978263114 EPS for the current year.

MTY Food Group Company Profile

MTY Food Group Inc franchises and operates quick-service restaurants in Canada and internationally. It also operates a distribution center and a food processing plant. As of November 30, 2017, the company had 5,469 locations comprising 5,402 franchised and 67 company operated locations. The company was formerly known as iNsu Innovations Group Inc and changed its name to MTY Food Group Inc in July 2003.

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