Brokerages Set Maple Leaf Foods Inc. (TSE:MFI) PT at C$29.93

Shares of Maple Leaf Foods Inc. (TSE:MFI) have earned a consensus recommendation of “Buy” from the six ratings firms that are presently covering the stock, Marketbeat reports. Six analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$29.93.

A number of research firms have recently commented on MFI. National Bankshares reduced their target price on shares of Maple Leaf Foods from C$28.00 to C$26.00 in a research report on Thursday, November 14th. TD Securities decreased 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, November 14th.

Insider Transactions at Maple Leaf Foods

In other Maple Leaf Foods news, Director Linda Mantia purchased 4,498 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was bought at an average cost 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.

Maple Leaf Foods Stock Down 0.8 %

Shares of TSE:MFI opened at C$20.34 on Thursday. Maple Leaf Foods has a 1 year low of C$20.23 and a 1 year high of C$27.55. The stock has a 50-day simple moving average of C$22.20 and a 200-day simple moving average of C$22.77. 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 stock has a market capitalization of C$2.50 billion, a P/E ratio of 226.00, a PEG ratio of 18.07 and a beta of 0.47.

Maple Leaf Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date of this dividend is Friday, December 6th. Maple Leaf Foods’s payout ratio is presently 977.78%.

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.