TD Reiterates “C$38.00” Price Target for MTY Food Group (TSE:MTY)

MTY Food Group (TSE:MTY) has been given a C$38.00 price target by research analysts at TD in a note issued to investors on Thursday, BayStreet reports. The brokerage presently has a “hold” rating on the stock. TD’s price objective indicates a potential upside of 21.13% from the company’s current price.

Several other equities research analysts have also recently weighed in on MTY. Scotia reduced their target price on shares of MTY Food Group from C$45.00 to C$40.00 and set a “sector perform” rating for the company in a research note on Monday, July 13th. TD Securities raised MTY Food Group to a “hold” rating in a research report on Monday, July 13th. Acumen Capital lowered their price target on MTY Food Group from C$50.00 to C$48.00 and set a “buy” rating on the stock in a research note on Monday, July 13th. Raymond James Financial cut their price target on MTY Food Group from C$45.00 to C$40.00 and set a “market perform” rating for the company in a report on Monday, July 13th. Finally, National Bank Financial cut their price target on MTY Food Group from C$43.00 to C$40.00 and set an “outperform” rating for the company in a report on Tuesday, September 15th. One investment analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$41.12.

MTY Food Group Stock Up 0.7%

MTY traded up C$0.22 on Thursday, reaching C$31.37. 258,946 shares of the company traded hands, compared to its average volume of 89,649. The company has a market cap of C$716.52 million, a price-to-earnings ratio of 6.38, a PEG ratio of 0.75 and a beta of 0.98. The company has a debt-to-equity ratio of 117.99, a current ratio of 0.75 and a quick ratio of 0.56. MTY Food Group has a 52-week low of C$28.12 and a 52-week high of C$45.90. The stock’s 50 day moving average price is C$33.43 and its 200-day moving average price is C$36.35.

MTY Food Group (TSE:MTY) last released its quarterly earnings data on Friday, October 9th. The company reported C$1.26 earnings per share (EPS) for the quarter. The business had revenue of C$277.73 million during the quarter. MTY Food Group had a net margin of 9.67% and a return on equity of 12.54%. On average, sell-side analysts expect that MTY Food Group will post 4.49 EPS for the current fiscal year.

MTY Food Group Company Profile

MTY Group franchises and operates quick-service, fast casual and casual dining restaurants over 80 different banners in Canada, the US and Internationally. Based in Montreal, MTY is a family whose heart beats to the rhythm of its brands, the very soul of its multi-branded strategy. For over 45 years, it has been increasing its presence by delivering new concepts of restaurants, making acquisitions, and forging strategic alliances, which have allowed it to reach new heights year after year. By combining new trends with operational know-how, the brands forming the MTY Group now touch the lives of millions of people every year.