MTY Food Group (TSE:MTY) Stock Price Target Lowered at National Bank Financial

MTY Food Group (TSE:MTY) had its price target dropped by stock analysts at National Bank Financial from C$40.00 to C$37.00 in a research note issued on Tuesday, BayStreet reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 17.95% from the stock’s current price.

MTY has been the topic of several other reports. Raymond James Financial dropped their price target on MTY Food Group from C$45.00 to C$40.00 and set a “market perform” rating on the stock in a research report on Monday, July 13th. TD set a C$38.00 price objective on MTY Food Group and gave the stock a “hold” rating in a research report on Thursday, October 8th. Acumen Capital lowered their target price 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. Scotia lowered their target price on MTY Food Group from C$45.00 to C$40.00 and set a “sector perform” rating on the stock in a research note on Monday, July 13th. Finally, TD Securities upgraded MTY Food Group to a “hold” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, MTY Food Group has a consensus rating of “Hold” and a consensus target price of C$41.12.

MTY Food Group Trading Up 0.7%

TSE MTY traded up C$0.22 on Tuesday, hitting C$31.37. 258,946 shares of the stock were exchanged, compared to its average volume of 89,649. MTY Food Group has a 52-week low of C$28.12 and a 52-week high of C$45.90. The company has a debt-to-equity ratio of 117.99, a current ratio of 0.75 and a quick ratio of 0.56. The company has a market capitalization of C$716.52 million, a price-to-earnings ratio of 6.38, a P/E/G ratio of 0.75 and a beta of 0.98. The company’s 50-day moving average price is C$33.43 and its two-hundred day moving average price is C$36.35.

MTY Food Group (TSE:MTY) last released its earnings results on Friday, October 9th. The company reported C$1.26 earnings per share (EPS) for the quarter. The company had revenue of C$277.73 million during the quarter. MTY Food Group had a return on equity of 12.54% and a net margin of 9.67%. Research analysts predict that MTY Food Group will post 4.49 EPS for the current 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.