Scotiabank Lowers MTY Food Group (TSE:MTY) Price Target to C$50.00

MTY Food Group (TSE:MTY) had its target price decreased by Scotiabank from C$55.00 to C$50.00 in a research report issued on Monday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price target indicates a potential upside of 6.43% from the company’s current price.

MTY has been the subject of several other research reports. Royal Bank of Canada reduced their target price on shares of MTY Food Group from C$66.00 to C$48.00 and set a “sector perform” rating for the company in a report on Friday, February 16th. CIBC reduced their target price on shares of MTY Food Group from C$62.00 to C$53.00 and set an “outperform” rating for the company in a report on Monday. National Bankshares reduced their target price on shares of MTY Food Group from C$59.00 to C$57.00 and set an “outperform” rating for the company in a report on Monday. Acumen Capital lifted their target price on shares of MTY Food Group from C$60.00 to C$75.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Finally, TD Securities reduced their target price on shares of MTY Food Group from C$59.00 to C$49.00 and set a “hold” rating for the company in a report on Monday. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, MTY Food Group currently has a consensus rating of “Hold” and an average price target of C$54.29.

MTY Food Group Stock Up 2.5 %

MTY Food Group stock opened at C$46.98 on Monday. The company has a market cap 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. MTY Food Group has a 1-year low of C$44.48 and a 1-year high of C$68.60. The company has a fifty day simple moving average of C$51.68 and a 200 day simple moving average of 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 (TSE:MTY) last announced its quarterly earnings data on Friday, April 12th. The company reported C$0.71 EPS for the quarter, missing analysts’ consensus estimates of C$0.83 by C($0.12). MTY Food Group had a net margin of 8.86% and a return on equity of 13.23%. The firm had revenue of C$278.64 million during the quarter, compared to the consensus estimate of C$263.20 million. Research analysts anticipate that MTY Food Group will post 4.0429722 earnings per share for the current fiscal 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.