Scotia Has Lowered Expectations for MTY Food Group (TSE:MTY) Stock Price

MTY Food Group (TSE:MTY – Get Free Report) had its target price dropped by equities research analysts at Scotia from C$45.00 to C$40.00 in a report issued on Monday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotia’s price target points to a potential upside of 19.08% from the stock’s current price.

A number of other research firms have also issued reports on MTY. TD reduced their target price on MTY Food Group from C$42.00 to C$38.00 and set a “hold” rating for the company in a report on Monday. National Bank Financial lowered their price target on MTY Food Group from C$49.00 to C$43.00 and set an “outperform” rating on the stock in a report on Monday. Raymond James Financial dropped their price target on MTY Food Group from C$46.00 to C$45.00 and set a “market perform” rating on the stock in a research report on Monday, April 13th. Scotiabank dropped their price target on MTY Food Group from C$46.00 to C$45.00 and set a “sector perform” rating on the stock in a research report on Monday, April 13th. Finally, Royal Bank Of Canada reduced their price objective on MTY Food Group from C$46.00 to C$41.00 and set a “sector perform” rating for the company in a research note on Monday. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, MTY Food Group presently has a consensus rating of “Hold” and an average target price of C$42.50.

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MTY Food Group Trading Down 0.5%

Shares of TSE:MTY traded down C$0.16 during mid-day trading on Monday, hitting C$33.59. The stock had a trading volume of 181,811 shares, compared to its average volume of 76,176. The company has a debt-to-equity ratio of 123.64, a quick ratio of 0.56 and a current ratio of 0.73. The company has a market cap of C$767.23 million, a PE ratio of 4.99, a P/E/G ratio of 0.75 and a beta of 1.00. MTY Food Group has a 12-month low of C$31.87 and a 12-month high of C$45.90. The company’s 50 day moving average is C$38.59 and its 200-day moving average is C$39.67.

MTY Food Group (TSE:MTY – Get Free Report) last posted its quarterly earnings data on Friday, April 10th. The company reported C$0.98 EPS for the quarter. MTY Food Group had a net margin of 9.78% and a return on equity of 13.22%. The firm had revenue of C$267.76 million during the quarter. On average, sell-side analysts predict that MTY Food Group will post 4.4909091 EPS for the current year.

About MTY Food Group

(Get Free Report)

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.

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