Canaccord Genuity Group Increases Maple Leaf Foods (TSE:MFI) Price Target to C$32.00

Maple Leaf Foods (TSE:MFI) had its price target increased by equities research analysts at Canaccord Genuity Group from C$30.00 to C$32.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 48.63% from the stock’s previous close.

Several other analysts also recently weighed in on the company. TD Securities dropped 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 research report on Thursday, November 14th. National Bankshares dropped their price objective on Maple Leaf Foods from C$28.00 to C$26.00 in a research report on Thursday, November 14th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$30.19.

Maple Leaf Foods Stock Down 1.3 %

Shares of TSE:MFI traded down C$0.28 during trading on Monday, reaching C$21.53. 119,794 shares of the company traded hands, compared to its average volume of 200,872. The business’s 50 day moving average price is C$21.72. The company has a market capitalization of C$2.65 billion, a price-to-earnings ratio of 239.22, a PEG ratio of 18.07 and a beta of 0.47. The company has a debt-to-equity ratio of 132.03, a current ratio of 1.32 and a quick ratio of 0.54. Maple Leaf Foods has a 52 week low of C$19.61 and a 52 week high of C$27.55.

Insider Activity

In other Maple Leaf Foods news, Director Linda Mantia bought 4,498 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were 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.

Maple Leaf Foods Company Profile

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.