Royal Bank of Canada Raises Maple Leaf Foods (TSE:MFI) Price Target to C$30.00

Maple Leaf Foods (TSE:MFI) had its price objective lifted by investment analysts at Royal Bank of Canada from C$29.00 to C$30.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 16.46% from the company’s previous close.

MFI has been the topic of a number of other reports. TD Securities reduced 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. CIBC increased their price target on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the company an “outperform” rating in a research report on Wednesday. National Bankshares increased their price target on shares of Maple Leaf Foods from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Canaccord Genuity Group increased their price target on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Maple Leaf Foods presently has a consensus rating of “Buy” and a consensus target price of C$31.08.

Maple Leaf Foods Stock Down 0.4 %

MFI stock opened at C$25.76 on Wednesday. Maple Leaf Foods has a 1-year low of C$19.61 and a 1-year high of C$26.10. The company has a current ratio of 1.26, a quick ratio of 0.54 and a debt-to-equity ratio of 130.19. The company’s 50 day moving average is C$21.22 and its 200 day moving average is C$21.97. The stock has a market cap of C$3.22 billion, a price-to-earnings ratio of 95.07, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47.

Maple Leaf Foods Company Profile

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.