TD Securities Cuts Maple Leaf Foods (TSE:MFI) Price Target to C$34.00

Maple Leaf Foods (TSE:MFI) had its price objective cut by investment analysts at TD Securities from C$35.00 to C$34.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 54.83% from the stock’s previous close.

A number of other research analysts have also weighed in on MFI. National Bankshares reduced their price target on Maple Leaf Foods from C$29.00 to C$28.00 in a research note on Friday, August 9th. CIBC cut their price objective on shares of Maple Leaf Foods from C$31.00 to C$30.00 in a report on Friday, August 9th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$29.93.

Maple Leaf Foods Price Performance

TSE:MFI traded up C$0.66 during mid-day trading on Thursday, hitting C$21.96. 275,911 shares of the company’s stock traded hands, compared to its average volume of 168,893. The company has a debt-to-equity ratio of 132.03, a quick ratio of 0.54 and a current ratio of 1.32. The company has a market cap of C$2.70 billion, a PE ratio of 244.89, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47. The firm’s 50 day simple moving average is C$22.03 and its 200 day simple moving average is C$23.02. Maple Leaf Foods has a 1 year low of C$21.05 and a 1 year high of C$27.55.

Insiders Place Their Bets

In other Maple Leaf Foods news, Senior Officer Jonathan David Sawatzky sold 2,600 shares of Maple Leaf Foods stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of C$21.23, for a total value of C$55,198.00. 39.87% of the stock is owned by company insiders.

About Maple Leaf Foods

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.