MAV Beauty Brands (TSE:MAV) PT Lowered to C$10.00

MAV Beauty Brands (TSE:MAV) had its price target decreased by CIBC from C$12.00 to C$10.00 in a report released on Thursday, BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 74.22% from the company’s previous close.

Other research analysts have also issued reports about the company. National Bank Financial reduced their target price on MAV Beauty Brands from C$10.50 to C$9.50 and set a “sector perform” rating on the stock in a research report on Thursday. Royal Bank of Canada reduced their target price on MAV Beauty Brands from C$10.00 to C$8.50 in a research report on Thursday.

TSE:MAV traded down C$0.35 during mid-day trading on Thursday, hitting C$5.74. 5,280 shares of the company’s stock traded hands, compared to its average volume of 61,508. The stock has a fifty day moving average of C$6.62. MAV Beauty Brands has a twelve month low of C$5.74 and a twelve month high of C$14.15. The company has a market cap of $222.83 million and a P/E ratio of -24.12. The company has a quick ratio of 1.23, a current ratio of 2.57 and a debt-to-equity ratio of 52.46.

MAV Beauty Brands (TSE:MAV) last announced its earnings results on Monday, May 13th. The company reported C$0.09 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.09. The business had revenue of C$32.05 million for the quarter, compared to analyst estimates of C$35.44 million. Analysts expect that MAV Beauty Brands will post 0.68 earnings per share for the current year.

About MAV Beauty Brands

MAV Beauty Brands Inc operates as a personal care company. The company offers hair care, body care, and beauty products, such as shampoos, conditioners, hair styling products, treatments, body wash products, and body and hand lotions under the Marc Anthony True Professional, Renpure, and Cake Beauty brand names.

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