National Bankshares Issues Pessimistic Forecast for Maple Leaf Foods (TSE:MFI) Stock Price

Maple Leaf Foods (TSE:MFI) had its price target trimmed by National Bankshares from C$28.00 to C$26.00 in a report published on Thursday,BayStreet.CA reports.

A number of other research analysts have also issued reports on MFI. CIBC decreased their target price on Maple Leaf Foods from C$31.00 to C$30.00 in a research report on Friday, August 9th. TD Securities reduced their price objective on shares of Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating for the company in a research report on Thursday. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Maple Leaf Foods has a consensus rating of “Buy” and an average target price of C$29.93.

Maple Leaf Foods Stock Up 0.7 %

Shares of MFI opened at C$22.56 on Thursday. The firm has a market cap of C$2.78 billion, a P/E ratio of 250.67, a PEG ratio of 18.07 and a beta of 0.47. Maple Leaf Foods has a 12 month low of C$21.05 and a 12 month high of C$27.55. The stock’s 50 day moving average is C$22.04 and its two-hundred day moving average is C$22.99. The company has a current ratio of 1.32, a quick ratio of 0.54 and a debt-to-equity ratio of 132.03.

Maple Leaf Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend was Friday, September 6th. Maple Leaf Foods’s payout ratio is 977.78%.

Insider Activity

In other news, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of C$21.23, for a total value of C$55,198.00. Also, Director Linda Mantia acquired 4,498 shares of Maple Leaf Foods stock in a transaction that occurred on Friday, November 15th. The shares were bought at an average price of C$22.23 per share, for a total transaction of C$99,990.54. Company insiders own 39.87% of the company’s stock.

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.