Brokerages Set Maple Leaf Foods Inc. (TSE:MFI) Price Target at C$29.93

Shares of Maple Leaf Foods Inc. (TSE:MFI) have been assigned an average recommendation of “Buy” from the six research firms that are covering the firm, MarketBeat reports. Six analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have covered the stock in the last year is C$29.93.

Several research firms have issued reports on MFI. National Bankshares dropped their price objective on Maple Leaf Foods from C$28.00 to C$26.00 in a research note on Thursday, November 14th. TD Securities dropped their price target on Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th.

Maple Leaf Foods Trading Down 0.8 %

TSE:MFI opened at C$20.34 on Thursday. The company has a debt-to-equity ratio of 132.03, a current ratio of 1.32 and a quick ratio of 0.54. The business’s 50-day simple moving average is C$22.20 and its 200-day simple moving average is C$22.77. Maple Leaf Foods has a fifty-two week low of C$20.23 and a fifty-two week high of C$27.55. The stock has a market capitalization of C$2.50 billion, a PE ratio of 226.00, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47.

Maple Leaf Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 4.33%. The ex-dividend date is Friday, December 6th. Maple Leaf Foods’s dividend payout ratio (DPR) is presently 977.78%.

Insider Buying and Selling at Maple Leaf Foods

In related 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, with a total value 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.