National Bankshares Lowers MTY Food Group (TSE:MTY) Price Target to C$57.00

MTY Food Group (TSE:MTY) had its target price cut by investment analysts at National Bankshares from C$59.00 to C$57.00 in a research note issued on Monday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price target indicates a potential upside of 21.33% from the company’s previous close.

MTY has been the topic of several other reports. Royal Bank of Canada decreased their target price on shares of MTY Food Group from C$66.00 to C$48.00 and set a “sector perform” rating on the stock in a research note on Friday, February 16th. Acumen Capital boosted their price objective on shares of MTY Food Group from C$60.00 to C$75.00 and gave the company a “buy” rating in a research report on Friday, February 16th. TD Securities dropped their target price on shares of MTY Food Group from C$65.00 to C$60.00 and set a “hold” rating for the company in a report on Friday, February 16th. Raymond James reduced their price target on MTY Food Group from C$65.00 to C$60.00 and set a “market perform” rating on the stock in a report on Friday, February 16th. Finally, Scotiabank lowered their price target on MTY Food Group from C$62.00 to C$55.00 and set a “sector perform” rating for the company in a research report on Friday, February 16th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, MTY Food Group has a consensus rating of “Hold” and a consensus price target of C$54.29.

MTY Food Group Stock Up 2.5 %

Shares of TSE:MTY opened at C$46.98 on Monday. The stock has a market capitalization of C$1.14 billion, a P/E ratio of 11.05, a price-to-earnings-growth ratio of 0.75 and a beta of 1.98. The stock’s 50-day moving average price is C$51.68 and its 200-day moving average price is C$53.17. The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 154.98. MTY Food Group has a 12-month low of C$44.48 and a 12-month high of C$68.60.

MTY Food Group (TSE:MTY) last posted its quarterly earnings results on Friday, April 12th. The company reported C$0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.83 by C($0.12). The company had revenue of C$278.64 million for the quarter, compared to the consensus estimate of C$263.20 million. MTY Food Group had a return on equity of 13.23% and a net margin of 8.86%. On average, equities analysts anticipate that MTY Food Group will post 4.0429722 earnings per share for the current year.

About MTY Food Group

MTY Food Group Inc operates and franchises quick-service, fast-casual, and casual dining restaurants in Canada, the United States, and internationally. It also sells retail products under a multitude of banners. The company was formerly known as iNsu Innovations Group Inc and changed its name to MTY Food Group Inc in July 2003.