TD Securities Raises MTY Food Group (MTY) Price Target to C$54.00
Several other brokerages also recently issued reports on MTY. Scotiabank upped their price objective on MTY Food Group from C$48.00 to C$50.00 and gave the company a sector perform rating in a research report on Friday, November 17th. Acumen Capital increased their target price on MTY Food Group from C$52.75 to C$55.00 and gave the stock a buy rating in a research report on Wednesday, December 13th.
Shares of MTY Food Group (TSE:MTY) traded up C$0.79 during trading hours on Friday, hitting C$53.46. The stock had a trading volume of 37,200 shares, compared to its average volume of 34,409. MTY Food Group has a twelve month low of C$44.75 and a twelve month high of C$56.60. The stock has a market capitalization of $1,140.00, a P/E ratio of 22.09 and a beta of 0.80.
About MTY Food Group
MTY Food Group Inc is a Canada-based company, which franchises and operates quick-service restaurants. The Company operates in four segments: Franchising, which includes revenue from royalties, supplier contributions, franchise fees, rent, and the construction and renovation of restaurants; Corporate, which includes the direct sale of prepared food to customers; Distribution, which includes distribution of raw materials to restaurants of its Valentine and Franx banners, and processing, which includes the sale of ingredients and prepared food to restaurant chains, distributors and retailers.
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