Maple Leaf Foods (TSE:MFI) Stock Price Expected to Rise, CIBC Analyst Says

Maple Leaf Foods (TSE:MFI) had its price objective lifted by investment analysts at CIBC from C$30.00 to C$32.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s price target would indicate a potential upside of 24.22% from the stock’s previous close.

Several other research firms also recently commented on MFI. Canaccord Genuity Group lifted 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 research report on Monday, January 13th. National Bankshares lifted their target price on shares of Maple Leaf Foods from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, TD Securities dropped their price target on shares of Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, Maple Leaf Foods presently has an average rating of “Buy” and a consensus target price of C$31.08.

Maple Leaf Foods Stock Down 0.4 %

TSE:MFI opened at C$25.76 on Wednesday. The firm’s 50 day simple moving average is C$21.22 and its 200 day simple moving average is C$21.97. The company has a debt-to-equity ratio of 130.19, a current ratio of 1.26 and a quick ratio of 0.54. Maple Leaf Foods has a one year low of C$19.61 and a one year high of C$26.10. The company has a market cap of C$3.22 billion, a PE ratio of 95.07, a P/E/G ratio of 18.07 and a beta of 0.47.

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.