Maple Leaf Foods (TSE:MFI) Price Target Raised to C$32.00

Maple Leaf Foods (TSE:MFI) had its target price raised by investment analysts at CIBC from C$30.00 to C$32.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s price objective would indicate a potential upside of 25.24% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. National Bankshares increased their price objective on shares of Maple Leaf Foods from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research note on Wednesday. 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 research note on Thursday, November 14th. Finally, Canaccord Genuity Group raised 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 research note on Monday, January 13th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$31.08.

Maple Leaf Foods Trading Up 4.0 %

TSE:MFI traded up C$0.98 during midday trading on Wednesday, reaching C$25.55. 401,201 shares of the stock traded hands, compared to its average volume of 219,902. The company has a debt-to-equity ratio of 130.19, a quick ratio of 0.54 and a current ratio of 1.26. Maple Leaf Foods has a 12 month low of C$19.61 and a 12 month high of C$25.96. The stock has a market capitalization of C$3.20 billion, a P/E ratio of 94.29, a PEG ratio of 18.07 and a beta of 0.47. The company has a fifty day moving average of C$21.12 and a 200 day moving average of C$21.97.

Maple Leaf Foods Company Profile

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.