TD Securities Cuts MTY Food Group (TSE:MTY) Price Target to C$37.00

MTY Food Group (TSE:MTY) had its price objective cut by TD Securities from C$42.00 to C$37.00 in a report released on Tuesday,BayStreet.CA reports. They currently have a hold rating on the stock.

Other analysts have also issued research reports about the company. National Bankshares lowered their target price on MTY Food Group from C$51.00 to C$43.00 and set an “outperform” rating on the stock in a report on Tuesday. Scotiabank lowered their price objective on shares of MTY Food Group from C$45.00 to C$42.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 8th. Royal Bank Of Canada cut their target price on shares of MTY Food Group from C$51.00 to C$48.00 in a research note on Monday, July 14th. Finally, Acumen Capital reduced their price target on shares of MTY Food Group from C$60.00 to C$50.00 and set a “buy” rating for the company in a report on Monday, July 14th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$44.50.

MTY Food Group Stock Performance

TSE:MTY opened at C$34.86 on Tuesday. The firm has a market capitalization of C$796.24 million, a PE ratio of 23.55, a PEG ratio of 0.75 and a beta of 1.18. The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 142.67. MTY Food Group has a 1 year low of C$33.78 and a 1 year high of C$53.16. The firm’s fifty day simple moving average is C$38.17 and its 200 day simple moving average is C$40.28.

MTY Food Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, November 14th will be given a dividend of $0.33 per share. The ex-dividend date is Tuesday, November 4th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.8%. MTY Food Group’s payout ratio is currently 85.81%.

MTY Food Group Company Profile

MTY Food Group Inc is a franchisor in the quick service and casual dining food industry. Its activities consist of franchising and operating corporate-owned locations as well as the sale of retail products under a multitude of banners. The company’s operating segment is based on geographical regions namely Canada and US and International.