Maple Leaf Foods (TSE:MFI) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Maple Leaf Foods (TSE:MFI) had its target price lifted by Royal Bank of Canada from C$29.00 to C$30.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 16.46% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. National Bankshares boosted their target price on shares of Maple Leaf Foods from C$26.00 to C$27.00 and gave the company an “outperform” rating in a report on Wednesday. CIBC boosted their target price on Maple Leaf Foods from C$30.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Wednesday. TD Securities decreased their target price 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. Finally, Canaccord Genuity Group boosted their price target on Maple Leaf Foods from C$30.00 to C$32.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$31.08.

Maple Leaf Foods Stock Performance

Shares of MFI stock opened at C$25.76 on Wednesday. The stock has a fifty day moving average of C$21.22 and a 200 day moving average of C$21.97. The company has a quick ratio of 0.54, a current ratio of 1.26 and a debt-to-equity ratio of 130.19. The firm has a market capitalization of C$3.22 billion, a price-to-earnings ratio of 95.07, a PEG ratio of 18.07 and a beta of 0.47. Maple Leaf Foods has a 52 week low of C$19.61 and a 52 week high of C$26.10.

Maple Leaf Foods Company Profile

Maple Leaf Foods Inc is a consumer-packaged meats company. It produces prepared meats and meals, fresh pork, and poultry and turkey products. The company also has agribusiness operations. These operations supply livestock to the meat products business operations. Its main markets are Canada, the United States, Japan, and China.