Shares of Maple Leaf Foods Inc. (OTCMKTS:MLFNF – Get Free Report) dropped 0.5% on Monday . The stock traded as low as $19.01 and last traded at $19.1201. Approximately 31,938 shares were traded during mid-day trading, an increase of 21% from the average daily volume of 26,453 shares. The stock had previously closed at $19.21.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the company. Canadian Imperial Bank of Commerce assumed coverage on Maple Leaf Foods in a research note on Monday, July 27th. They set an “outperform” rating on the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of Maple Leaf Foods in a report on Friday, May 8th. BMO Capital Markets reissued an “outperform” rating on shares of Maple Leaf Foods in a research report on Thursday, August 13th. Scotiabank restated an “outperform” rating on shares of Maple Leaf Foods in a report on Thursday, August 13th. Finally, Desjardins assumed coverage on shares of Maple Leaf Foods in a research report on Tuesday, May 26th. They issued a “buy” rating for the company. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.
Read Our Latest Stock Analysis on MLFNF
Maple Leaf Foods Trading Down 0.5%
About Maple Leaf Foods
Maple Leaf Foods, trading as OTCMKTS:MLFNF, is a leading Canadian consumer packaged meats company headquartered in Mississauga, Ontario. The company’s operations encompass the processing, packaging and distribution of fresh and value-added meats, including pork and poultry products. Maple Leaf Foods serves a broad customer base through retail grocery channels, foodservice operators and international export markets.
The company’s portfolio features a range of branded offerings such as Maple Leaf® and Schneiders® for traditional meat products, alongside plant-based protein lines acquired through its Lightlife Foods and Field Roast Grain Meat Co subsidiaries.
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