MAV Beauty Brands (TSE:MAV) PT Lowered to C$5.00

MAV Beauty Brands (TSE:MAV) had its price target cut by equities researchers at National Bank Financial from C$9.50 to C$5.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 72.41% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. CIBC downgraded shares of MAV Beauty Brands from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from C$8.00 to C$4.50 in a report on Thursday. Royal Bank of Canada reduced their target price on shares of MAV Beauty Brands from C$8.50 to C$7.50 and set an “outperform” rating for the company in a report on Wednesday, October 16th. Finally, Raymond James reduced their target price on shares of MAV Beauty Brands from C$13.50 to C$8.00 in a report on Thursday, August 8th.

MAV Beauty Brands stock traded down C$0.13 during trading hours on Thursday, reaching C$2.90. The stock had a trading volume of 386,159 shares, compared to its average volume of 74,124. The company has a market cap of $159.20 million and a price-to-earnings ratio of -32.95. The company has a debt-to-equity ratio of 53.08, a current ratio of 2.66 and a quick ratio of 1.30. The business’s 50 day moving average price is C$4.77 and its 200-day moving average price is C$5.90. MAV Beauty Brands has a 52 week low of C$2.75 and a 52 week high of C$13.55.

MAV Beauty Brands Company Profile

MAV Beauty Brands Inc operates as a personal care company. The company offers hair care, body care, and beauty products, such as shampoos, conditioners, hair styling products, treatments, body wash products, and body and hand lotions under the Marc Anthony True Professional, Renpure, and Cake Beauty brand names.

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