MTY Food Group (TSE:MTY) Price Target Raised to C$55.00 at National Bankshares

MTY Food Group (TSE:MTY) had its price objective hoisted by National Bankshares from C$52.00 to C$55.00 in a report released on Wednesday morning, Analyst Price Targets reports. The brokerage currently has an outperform rating on the stock.

Several other brokerages also recently weighed in on MTY. CIBC reaffirmed an outperform rating and set a C$63.00 price target on shares of MTY Food Group in a report on Tuesday. Raymond James increased their price target on MTY Food Group from C$44.00 to C$47.00 and gave the stock a market perform rating in a report on Friday, February 19th. TD Securities increased their price target on MTY Food Group from C$45.00 to C$56.00 and gave the stock a hold rating in a report on Friday, January 8th. Royal Bank of Canada increased their price target on MTY Food Group from C$43.00 to C$47.00 and gave the stock a sector perform rating in a report on Friday, February 19th. Finally, National Bank Financial decreased their price target on MTY Food Group from C$57.00 to C$52.00 and set a sector perform rating for the company in a report on Friday, February 19th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. MTY Food Group presently has an average rating of Hold and an average price target of C$52.86.

MTY stock opened at C$55.61 on Wednesday. The company has a market capitalization of C$1.37 billion and a P/E ratio of -37.07. MTY Food Group has a twelve month low of C$17.03 and a twelve month high of C$58.87. The business has a 50 day simple moving average of C$53.43 and a 200-day simple moving average of C$49.17. The company has a current ratio of 0.57, a quick ratio of 0.52 and a debt-to-equity ratio of 174.98.

MTY Food Group (TSE:MTY) last posted its quarterly earnings data on Thursday, February 18th. The company reported C$0.81 earnings per share for the quarter. The firm had revenue of C$127.16 million during the quarter, compared to analyst estimates of C$142.40 million. Research analysts predict that MTY Food Group will post 3.11 EPS for the current fiscal year.

About MTY Food Group

MTY Food Group Inc franchises and operates quick service, fast casual, and casual dining restaurants in Canada, the United States, and internationally. The company franchises and operates corporate-owned locations in the quick service restaurant and casual dining segments of the restaurant industry; and sells retail products under a multitude of banners.

Read More: Trade Deficit