Scotiabank reiterated their outperform rating on shares of MTY Food Group Inc. (TSE:MTY) in a report published on Thursday morning. Scotiabank currently has a C$49.00 price objective on the stock.

MTY Food Group (TSE:MTY) opened at 45.94 on Thursday. MTY Food Group has a one year low of $27.91 and a one year high of $46.50. The stock has a 50 day moving average of $43.95 and a 200 day moving average of $40.57. The company has a market cap of $878.37 million and a PE ratio of 31.90.

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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