Maple Leaf Foods (TSE:MFI) Given New C$26.00 Price Target at National Bankshares

Maple Leaf Foods (TSE:MFI) had its price objective lowered by equities research analysts at National Bankshares from C$28.00 to C$26.00 in a research note issued on Thursday,BayStreet.CA reports. National Bankshares’ price objective suggests a potential upside of 15.25% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. TD Securities reduced their price objective 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. CIBC decreased their price target on Maple Leaf Foods from C$31.00 to C$30.00 in a report on Friday, August 9th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, Maple Leaf Foods has an average rating of “Buy” and an average price target of C$29.93.

Maple Leaf Foods Stock Performance

Shares of MFI stock opened at C$22.56 on Thursday. The company’s fifty day simple moving average is C$22.03 and its 200-day simple moving average is C$23.01. 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 has a 52 week low of C$21.05 and a 52 week high of C$27.55. The company has a market cap of C$2.78 billion, a PE ratio of 250.67, a P/E/G ratio of 18.07 and a beta of 0.47.

Insider Buying and Selling at Maple Leaf Foods

In other news, Director Linda Mantia acquired 4,498 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average cost of C$22.23 per share, with a total value of C$99,990.54. Also, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of C$21.23, for a total value of C$55,198.00. 39.87% of the stock is currently owned by corporate insiders.

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.