Maple Leaf Foods (OTCMKTS:MLFNF) had its target price hoisted by equities researchers at Royal Bank of Canada from $33.00 to $34.00 in a research note issued to investors on Friday, The Fly reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective points to a potential upside of 53.71% from the company’s previous close.
Other research analysts also recently issued reports about the stock. BMO Capital Markets boosted their price objective on shares of Maple Leaf Foods from $30.00 to $34.00 and gave the company a “market perform” rating in a research report on Friday. CIBC upped their target price on shares of Maple Leaf Foods from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. TD Securities upped their target price on shares of Maple Leaf Foods from $38.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Scotiabank upped their target price on shares of Maple Leaf Foods from $33.00 to $35.50 and gave the stock an “outperform” rating in a research report on Friday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $37.70.
Shares of Maple Leaf Foods stock opened at $22.12 on Friday. The company’s fifty day simple moving average is $20.78 and its two-hundred day simple moving average is $18.78. Maple Leaf Foods has a 12-month low of $10.80 and a 12-month high of $27.87.
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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