Maple Leaf Foods (TSE:MFI) Price Target Increased to C$47.00 by Analysts at TD Securities

Maple Leaf Foods (TSE:MFI) had its price target hoisted by TD Securities from C$39.00 to C$47.00 in a research report report published on Friday, BayStreet.CA reports. TD Securities currently has an action list buy rating on the stock.

Several other research firms also recently issued reports on MFI. BMO Capital Markets raised Maple Leaf Foods from a market perform rating to an outperform rating and lifted their price target for the stock from C$31.00 to C$39.00 in a research note on Friday, May 3rd. CIBC lifted their price target on Maple Leaf Foods from C$38.00 to C$41.00 in a research note on Friday. Finally, Royal Bank of Canada cut their price target on Maple Leaf Foods from C$34.00 to C$33.00 and set a sector perform rating for the company in a research note on Friday, May 3rd.

Shares of TSE:MFI traded down C$0.30 during midday trading on Friday, hitting C$34.40. 385,800 shares of the stock were exchanged, compared to its average volume of 222,694. The company has a market capitalization of $4.28 billion and a PE ratio of 35.54. The company has a current ratio of 1.39, a quick ratio of 0.44 and a debt-to-equity ratio of 35.45. Maple Leaf Foods has a twelve month low of C$26.05 and a twelve month high of C$35.81. The firm has a 50 day simple moving average of C$29.93.

Maple Leaf Foods (TSE:MFI) last released its quarterly earnings results on Thursday, May 2nd. The company reported C$0.19 earnings per share (EPS) for the quarter. The firm had revenue of C$907.09 million for the quarter. As a group, sell-side analysts anticipate that Maple Leaf Foods will post 1.4700001 earnings per share for the current year.

In other news, Senior Officer Richard Young sold 9,600 shares of Maple Leaf Foods stock in a transaction on Thursday, June 13th. The stock was sold at an average price of C$31.00, for a total transaction of C$297,600.00. Following the completion of the transaction, the insider now owns 240,433 shares of the company’s stock, valued at approximately C$7,453,423. Also, Senior Officer Andreas Liris sold 3,388 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of C$33.36, for a total transaction of C$113,006.74. Following the completion of the transaction, the insider now directly owns 12,675 shares of the company’s stock, valued at approximately C$422,774.63. Insiders have sold a total of 19,988 shares of company stock valued at $644,490 in the last ninety days.

About Maple Leaf Foods

Maple Leaf Foods Inc operates as a consumer protein company. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, fresh pork, poultry, and plant protein products. The company offers its products under various brands, including Maple Leaf, Maple Leaf Prime, Maple Leaf Natural Selections, Schneiders, Schneiders Country Naturals, Mina, Greenfield Natural Meat Co, Lightlife, Field Roast Grain Meat Co, and Swift.

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