Maple Leaf Foods (TSE:MFI) Price Target Raised to C$27.00

Maple Leaf Foods (TSE:MFI) had its price objective boosted by National Bankshares from C$26.00 to C$27.00 in a report released on Wednesday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other equities analysts have also recently issued research reports about the company. TD Securities lowered their target price on Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Canaccord Genuity Group increased their target price on Maple Leaf Foods from C$30.00 to C$32.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Maple Leaf Foods has a consensus rating of “Buy” and a consensus price target of C$31.08.

Maple Leaf Foods Price Performance

MFI opened at C$25.86 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 1.26 and a debt-to-equity ratio of 130.19. Maple Leaf Foods has a 12 month low of C$19.61 and a 12 month high of C$25.96. The company has a fifty day simple moving average of C$21.12 and a 200 day simple moving average of C$21.97. The stock has a market cap of C$3.24 billion, a P/E ratio of 95.43, a P/E/G ratio of 18.07 and a beta of 0.47.

Maple Leaf Foods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.88 annualized dividend and a yield of 3.40%. Maple Leaf Foods’s dividend payout ratio (DPR) is currently 324.76%.

Maple Leaf Foods Company Profile

Maple Leaf Foods Inc is a consumer-packaged meats company. It produces prepared meats and meals, fresh pork, and poultry and turkey products. The company also has agribusiness operations. These operations supply livestock to the meat products business operations. Its main markets are Canada, the United States, Japan, and China.