Maple Leaf Foods Inc. (TSE:MFI) Given Consensus Rating of “Buy” by Analysts

Maple Leaf Foods Inc. (TSE:MFI) has been assigned an average rating of “Buy” from the six ratings firms that are covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$29.93.

Several brokerages recently issued reports on MFI. National Bankshares reduced their price objective on Maple Leaf Foods from C$28.00 to C$26.00 in a research note on Thursday, November 14th. CIBC reduced their price target on shares of Maple Leaf Foods from C$31.00 to C$30.00 in a research report on Friday, August 9th. Finally, TD Securities lowered their price objective on shares of Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating for the company in a research report on Thursday, November 14th.

Maple Leaf Foods Trading Up 0.0 %

TSE:MFI opened at C$22.62 on Friday. The company has a market cap of C$2.79 billion, a PE ratio of 251.33, a P/E/G ratio of 18.07 and a beta of 0.47. The business’s 50 day moving average is C$22.09 and its two-hundred day moving average is C$22.95. The company has a quick ratio of 0.54, a current ratio of 1.32 and a debt-to-equity ratio of 132.03. Maple Leaf Foods has a 52 week low of C$21.05 and a 52 week high of C$27.55.

Maple Leaf Foods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend was Friday, September 6th. Maple Leaf Foods’s payout ratio is 977.78%.

Insider Buying and Selling at Maple Leaf Foods

In related news, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of C$21.23, for a total value of C$55,198.00. Also, Director Linda Mantia bought 4,498 shares of the stock in a transaction on Friday, November 15th. The shares were bought at an average cost of C$22.23 per share, for a total transaction of C$99,990.54. 39.87% of the stock is owned by company insiders.

Maple Leaf Foods Company Profile

Maple Leaf Foods Inc produces food products in the United States, Canada, Japan, China, and internationally. The company operates through Meat Protein Group and Plant Protein Group segments. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, fresh pork and poultry, and plant protein products; bacon, hams, wieners, and meat snacks; a variety of delicatessen products; and processed chicken products, such as fully cooked chicken breasts and wings, processed turkey products, specialty sausages, cooked meats, sliced meats, cooked sausage products, lunch kits, and canned meats.