Maple Leaf Foods (TSE:MFI) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Maple Leaf Foods (TSE:MFI) had its price target boosted by Canaccord Genuity Group from C$30.00 to C$32.00 in a report released on Monday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts also recently commented on MFI. National Bankshares reduced their price objective on shares of Maple Leaf Foods from C$28.00 to C$26.00 in a research note on Thursday, November 14th. TD Securities lowered their price objective on Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$30.19.

Maple Leaf Foods Trading Down 0.7 %

TSE:MFI opened at C$21.38 on Monday. Maple Leaf Foods has a one year low of C$19.61 and a one year high of C$27.55. The business’s 50-day simple moving average is C$21.71 and its 200 day simple moving average is C$22.49. The company has a debt-to-equity ratio of 132.03, a quick ratio of 0.54 and a current ratio of 1.32. The stock has a market cap of C$2.63 billion, a price-to-earnings ratio of 237.56, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47.

Maple Leaf Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 4.12%. The ex-dividend date was Friday, December 6th. Maple Leaf Foods’s payout ratio is currently 977.78%.

Insider Activity

In related news, Director Linda Mantia acquired 4,498 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was bought at an average price of C$22.23 per share, for a total transaction of C$99,990.54. Insiders own 39.87% of the company’s stock.

About Maple Leaf Foods

Maple Leaf Foods Inc produces food products in the United States, Canada, Japan, China, and internationally. The company operates through Meat Protein Group and Plant Protein Group segments. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, fresh pork and poultry, and plant protein products; bacon, hams, wieners, and meat snacks; a variety of delicatessen products; and processed chicken products, such as fully cooked chicken breasts and wings, processed turkey products, specialty sausages, cooked meats, sliced meats, cooked sausage products, lunch kits, and canned meats.