Maple Leaf Foods Inc. (TSE:MFI) Receives C$29.93 Average Price Target from Brokerages

Maple Leaf Foods Inc. (TSE:MFI) has been assigned a consensus recommendation of “Buy” from the six analysts that are covering the firm, Marketbeat reports. Six analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$29.93.

Several equities analysts have recently issued reports on MFI shares. TD Securities reduced their target price on Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. National Bankshares reduced their price objective on shares of Maple Leaf Foods from C$28.00 to C$26.00 in a research report on Thursday, November 14th.

Maple Leaf Foods Stock Down 0.0 %

TSE MFI opened at C$20.31 on Thursday. The business’s 50-day moving average is C$22.12 and its 200 day moving average is C$22.73. The stock has a market capitalization of C$2.50 billion, a PE ratio of 225.67, a PEG ratio of 18.07 and a beta of 0.47. The company has a debt-to-equity ratio of 132.03, a current ratio of 1.32 and a quick ratio of 0.54. Maple Leaf Foods has a 1 year low of C$20.07 and a 1 year high of C$27.55.

Maple Leaf Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 4.33%. The ex-dividend date of this dividend is Friday, December 6th. Maple Leaf Foods’s dividend payout ratio is currently 977.78%.

Insider Activity

In other Maple Leaf Foods news, Director Linda Mantia bought 4,498 shares of the stock in a transaction dated Friday, November 15th. The stock was purchased at an average cost of C$22.23 per share, for a total transaction of C$99,990.54. Company insiders own 39.87% of the company’s stock.

Maple Leaf Foods Company Profile

Maple Leaf Foods Inc produces food products in the United States, Canada, Japan, China, and internationally. The company operates through Meat Protein Group and Plant Protein Group segments. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, fresh pork and poultry, and plant protein products; bacon, hams, wieners, and meat snacks; a variety of delicatessen products; and processed chicken products, such as fully cooked chicken breasts and wings, processed turkey products, specialty sausages, cooked meats, sliced meats, cooked sausage products, lunch kits, and canned meats.