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

Maple Leaf Foods (TSE:MFI) had its price objective upped by equities researchers at Royal Bank of Canada from C$29.00 to C$30.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 17.42% from the stock’s previous close.

MFI has been the topic of several other research reports. CIBC boosted their price target on Maple Leaf Foods from C$30.00 to C$32.00 and gave the stock an “outperform” rating in a research note on Wednesday. TD Securities reduced their target price on 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. Canaccord Genuity Group upped their target price on Maple Leaf Foods from C$30.00 to C$32.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Finally, National Bankshares upped their price objective on Maple Leaf Foods from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a report on Wednesday. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$31.08.

Maple Leaf Foods Stock Performance

TSE:MFI traded up C$0.98 during mid-day trading on Wednesday, reaching C$25.55. The stock had a trading volume of 401,201 shares, compared to its average volume of 219,902. The business has a 50 day simple moving average of C$21.12 and a 200 day simple moving average of C$21.97. The firm has a market capitalization of C$3.20 billion, a price-to-earnings ratio of 94.29, a PEG ratio of 18.07 and a beta of 0.47. 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 twelve month low of C$19.61 and a twelve month high of C$25.96.

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.