MTY Food Group (TSE:MTY) Given a C$38.00 Price Target by TD Analysts

MTY Food Group (TSE:MTY – Get Free Report) has been given a C$38.00 price objective by research analysts at TD in a note issued to investors on Thursday, BayStreet reports. The firm currently has a “hold” rating on the stock. TD’s target price points to a potential upside of 24.67% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Royal Bank Of Canada dropped their price target on shares of MTY Food Group from C$46.00 to C$41.00 and set a “sector perform” rating on the stock in a research report on Monday, July 13th. TD Securities upgraded shares of MTY Food Group to a “hold” rating in a research report on Monday, July 13th. National Bank Financial lowered their price objective on shares of MTY Food Group from C$43.00 to C$40.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 15th. Raymond James Financial lowered their price objective on shares of MTY Food Group from C$45.00 to C$40.00 and set a “market perform” rating on the stock in a research note on Monday, July 13th. Finally, Scotia dropped their target price on shares of MTY Food Group from C$45.00 to C$40.00 and set a “sector perform” rating on the stock in a report on Monday, July 13th. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$42.12.

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MTY Food Group Price Performance

Shares of MTY traded down C$0.30 during midday trading on Thursday, reaching C$30.48. The stock had a trading volume of 64,198 shares, compared to its average volume of 86,002. MTY Food Group has a 52 week low of C$30.33 and a 52 week high of C$45.90. The company has a debt-to-equity ratio of 123.64, a current ratio of 0.73 and a quick ratio of 0.56. The firm’s 50 day moving average price is C$33.63 and its 200-day moving average price is C$36.52. The company has a market capitalization of C$696.19 million, a P/E ratio of 6.20, a P/E/G ratio of 0.75 and a beta of 0.98.

MTY Food Group (TSE:MTY – Get Free Report) last announced its quarterly earnings data on Friday, July 10th. The company reported C$0.67 earnings per share for the quarter. MTY Food Group had a return on equity of 13.22% and a net margin of 9.78%.The business had revenue of C$279.94 million during the quarter. On average, analysts forecast that MTY Food Group will post 4.4909091 earnings per share for the current fiscal 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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