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 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.
Featured Story: Portfolio Manager
Receive News & Ratings for MTY Food Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MTY Food Group and related companies with MarketBeat.com's FREE daily email newsletter.