Maple Leaf Foods Inc. (TSE:MFI) Receives C$30.19 Consensus Target Price from Brokerages

Shares of Maple Leaf Foods Inc. (TSE:MFI) have earned an average recommendation of “Buy” from the seven research firms that are currently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a buy recommendation. The average 12-month target price among analysts that have covered the stock in the last year is C$30.19.

Several equities research analysts have recently issued reports on the stock. TD Securities lowered their target price on shares of Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating for the company in a report on Thursday, November 14th. National Bankshares lowered their target price on shares of Maple Leaf Foods from C$28.00 to C$26.00 in a report on Thursday, November 14th. Finally, Canaccord Genuity Group raised their target price on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the stock a “buy” rating in a report on Monday, January 13th.

Insider Activity at Maple Leaf Foods

In other Maple Leaf Foods news, Director Linda Mantia purchased 4,498 shares of Maple Leaf Foods stock in a transaction dated Friday, November 15th. The stock was acquired at an average price of C$22.23 per share, for a total transaction of C$99,990.54. 39.87% of the stock is currently owned by company insiders.

Maple Leaf Foods Stock Performance

Shares of TSE:MFI opened at C$21.34 on Friday. Maple Leaf Foods has a 52 week low of C$19.61 and a 52 week high of C$26.36. The stock has a market capitalization of C$2.63 billion, a P/E ratio of 237.11, a PEG ratio of 18.07 and a beta of 0.47. The firm has a fifty day simple moving average of C$21.29 and a two-hundred day simple moving average of C$22.22. The company has a quick ratio of 0.54, a current ratio of 1.32 and a debt-to-equity ratio of 132.03.

Maple Leaf Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.88 dividend on an annualized basis and a yield of 4.12%. Maple Leaf Foods’s payout ratio is 977.78%.

About Maple Leaf Foods

Maple Leaf Foods Inc is a consumer-packaged meats company. It produces prepared meats and meals, fresh pork, and poultry and turkey products. The company also has agribusiness operations. These operations supply livestock to the meat products business operations. Its main markets are Canada, the United States, Japan, and China.