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

Maple Leaf Foods (TSE:MFI) had its price objective hoisted by CIBC from C$30.00 to C$32.00 in a research report report published on Wednesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities analysts have also issued reports on the stock. National Bankshares boosted their target price on shares of Maple Leaf Foods from C$26.00 to C$27.00 and gave the company an “outperform” rating in a report on Wednesday. TD Securities dropped 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. Finally, Canaccord Genuity Group boosted their target price on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the company a “buy” rating in a report on Monday, January 13th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$31.08.

Maple Leaf Foods Price Performance

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

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. This represents a $0.88 annualized dividend and a yield of 3.40%. The ex-dividend date was Friday, December 6th. Maple Leaf Foods’s dividend payout ratio (DPR) is currently 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.