MTY Food Group (TSE:MTY) Price Target Raised to C$48.00

MTY Food Group (TSE:MTY) had its target price raised by Royal Bank Of Canada from C$45.00 to C$48.00 in a research report issued on Friday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 11.34% from the stock’s previous close.

MTY has been the subject of several other reports. Scotiabank lifted their target price on MTY Food Group from C$41.00 to C$46.00 and gave the company a “sector perform” rating in a research note on Friday. Raymond James Financial lowered their price objective on MTY Food Group from C$50.00 to C$44.00 in a research report on Wednesday, November 19th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$47.33.

MTY Food Group Price Performance

Shares of MTY traded down C$0.72 during mid-day trading on Friday, hitting C$43.11. 103,797 shares of the company traded hands, compared to its average volume of 120,436. The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 142.67. The stock has a market capitalization of C$984.68 million, a price-to-earnings ratio of 29.13, a PEG ratio of 0.75 and a beta of 1.12. The business has a 50-day moving average of C$40.48 and a 200 day moving average of C$38.26. MTY Food Group has a one year low of C$32.92 and a one year high of C$46.36.

About MTY Food Group

MTY Food Group Inc is a franchisor in the quick service and casual dining food industry. Its activities consist of franchising and operating corporate-owned locations as well as the sale of retail products under a multitude of banners. The company’s operating segment is based on geographical regions namely Canada and US and International. It generates maximum revenue from Canada. The company brands include Big Smoke Burger, Cafe Depot, Country Style, Croissant Plus, Cultures, Extremepita, Fabrika, Jus Jugo Juice, Koya Japan, ManchuWok, Muffin plus, Valentine, Van Houtte, Shushiman and others.