MTY Food Group (TSE:MTY) Price Target Raised to C$54.00

MTY Food Group (TSE:MTY) had its price target increased by National Bankshares from C$53.00 to C$54.00 in a report issued on Thursday, BayStreet.CA reports. National Bankshares’ target price would indicate a potential upside of 18.24% from the company’s previous close.

MTY has been the topic of a number of other research reports. Royal Bank of Canada upped their target price on MTY Food Group from C$51.00 to C$53.00 in a research note on Friday, July 12th. TD Securities upped their target price on MTY Food Group from C$49.00 to C$51.00 in a report on Friday, July 12th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$54.43.

MTY Food Group Price Performance

Shares of MTY Food Group stock traded up C$1.46 during trading hours on Thursday, hitting C$45.67. The company’s stock had a trading volume of 29,541 shares, compared to its average volume of 48,124. The business has a 50 day moving average price of C$44.01 and a two-hundred day moving average price of C$46.10. MTY Food Group has a 12-month low of C$40.45 and a 12-month high of C$60.10. The company has a market cap of C$1.09 billion, a PE ratio of 11.11, a PEG ratio of 0.75 and a beta of 1.95. The company has a debt-to-equity ratio of 149.81, a quick ratio of 0.57 and a current ratio of 0.64.

MTY Food Group (TSE:MTY) last posted its earnings results on Thursday, July 11th. The company reported C$1.13 EPS for the quarter, topping analysts’ consensus estimates of C$0.99 by C$0.14. The company had revenue of C$303.74 million for the quarter, compared to the consensus estimate of C$294.10 million. MTY Food Group had a return on equity of 12.52% and a net margin of 8.61%. Analysts expect that MTY Food Group will post 4.2947368 earnings per share for the current fiscal year.

About MTY Food Group

MTY Food Group Inc operates and franchises quick-service, fast-casual, and casual dining restaurants in Canada, the United States, and internationally. It also sells retail products under a multitude of banners. The company was formerly known as iNsu Innovations Group Inc and changed its name to MTY Food Group Inc in July 2003.