Maple Leaf Foods (TSE:MFI) Given New C$30.00 Price Target at Royal Bank of Canada

Maple Leaf Foods (TSE:MFI) had its price target boosted by Royal Bank of Canada from C$29.00 to C$30.00 in a report published on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research firms have also weighed in on MFI. CIBC upped their target price on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the stock an “outperform” rating in a report on Wednesday. National Bankshares upped their target price on shares of Maple Leaf Foods from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a report on Wednesday. Canaccord Genuity Group upped their target price on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Finally, TD Securities decreased their target price on shares of Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$31.08.

Maple Leaf Foods Stock Performance

TSE MFI opened at C$25.86 on Wednesday. The company’s 50 day moving average is C$21.12 and its 200-day moving average is C$21.97. Maple Leaf Foods has a 12-month low of C$19.61 and a 12-month high of C$25.96. The company has a quick ratio of 0.54, a current ratio of 1.26 and a debt-to-equity ratio of 130.19. The firm has a market cap of C$3.24 billion, a P/E ratio of 95.43, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47.

Maple Leaf Foods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a $0.22 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.88 dividend on an annualized basis and a yield of 3.40%. Maple Leaf Foods’s dividend payout ratio is presently 324.76%.

About Maple Leaf Foods

Maple Leaf Foods Inc is a consumer-packaged meats company. It produces prepared meats and meals, fresh pork, and poultry and turkey products. The company also has agribusiness operations. These operations supply livestock to the meat products business operations. Its main markets are Canada, the United States, Japan, and China.