Maple Leaf Foods Inc. (TSE:MFI) Receives C$29.93 Average PT from Brokerages

Maple Leaf Foods Inc. (TSE:MFI) has received a consensus rating of “Buy” from the seven analysts that are currently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a buy rating. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$30.19.

Several equities analysts recently commented on the stock. Canaccord Genuity Group upped their price target on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the company a “buy” rating in a report on Monday. National Bankshares dropped their target price on shares of Maple Leaf Foods from C$28.00 to C$26.00 in a research note on Thursday, November 14th. Finally, TD Securities dropped their target price on shares of 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.

Insider Transactions at Maple Leaf Foods

In other Maple Leaf Foods news, Director Linda Mantia purchased 4,498 shares of the stock in a transaction dated Friday, November 15th. The stock was purchased at an average price of C$22.23 per share, with a total value of C$99,990.54. Corporate insiders own 39.87% of the company’s stock.

Maple Leaf Foods Stock Performance

Shares of TSE:MFI opened at C$21.38 on Monday. The company has a market capitalization of C$2.63 billion, a price-to-earnings ratio of 237.56, a PEG ratio of 18.07 and a beta of 0.47. Maple Leaf Foods has a 12 month low of C$19.61 and a 12 month high of C$27.55. The firm’s 50-day moving average is C$21.71 and its 200 day moving average is C$22.49. The company has a current ratio of 1.32, a quick ratio of 0.54 and a debt-to-equity ratio of 132.03.

Maple Leaf Foods Announces Dividend

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

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.