National Bank Financial Cuts MAV Beauty Brands (TSE:MAV) Price Target to C$5.00

MAV Beauty Brands (TSE:MAV) had its price target trimmed by National Bank Financial from C$9.50 to C$5.00 in a research note published on Thursday morning, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock. National Bank Financial also issued estimates for MAV Beauty Brands’ FY2019 earnings at $0.42 EPS, Q2 2020 earnings at $0.16 EPS and Q3 2020 earnings at $0.20 EPS.

Several other brokerages have also issued reports on MAV. Royal Bank of Canada cut their target price on shares of MAV Beauty Brands from C$8.50 to C$7.50 and set an outperform rating on the stock in a research note on Wednesday, October 16th. CIBC lowered shares of MAV Beauty Brands from an outperform rating to a neutral rating and cut their target price for the stock from C$8.00 to C$4.50 in a research note on Thursday. Finally, Raymond James cut their target price on shares of MAV Beauty Brands from C$13.50 to C$8.00 in a research note on Thursday, August 8th.

Shares of TSE:MAV traded up C$0.11 during trading on Thursday, reaching C$2.81. The stock had a trading volume of 45,100 shares, compared to its average volume of 75,587. The firm’s fifty day moving average is C$4.73 and its 200 day moving average is C$5.85. The company has a debt-to-equity ratio of 53.08, a quick ratio of 1.30 and a current ratio of 2.66. MAV Beauty Brands has a 52 week low of C$2.70 and a 52 week high of C$13.39. The stock has a market cap of $159.20 million and a price-to-earnings ratio of -31.93.

MAV Beauty Brands Company Profile

MAV Beauty Brands Inc operates as a personal care company. The company offers hair care, body care, and beauty products, such as shampoos, conditioners, hair styling products, treatments, body wash products, and body and hand lotions under the Marc Anthony True Professional, Renpure, and Cake Beauty brand names.

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