TD Securities Issues Pessimistic Forecast for Maple Leaf Foods (TSE:MFI) Stock Price

Maple Leaf Foods (TSE:MFI) had its target price reduced by TD Securities from C$35.00 to C$34.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 50.71% from the stock’s current price.

Other research analysts have also recently issued reports about the company. CIBC lowered their target price on Maple Leaf Foods from C$31.00 to C$30.00 in a report on Friday, August 9th. National Bankshares lowered their price objective on Maple Leaf Foods from C$29.00 to C$28.00 in a research note on Friday, August 9th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$29.93.

Maple Leaf Foods Stock Performance

TSE:MFI opened at C$22.56 on Thursday. Maple Leaf Foods has a twelve month low of C$21.05 and a twelve month high of C$27.55. The company has a market cap of C$2.78 billion, a P/E ratio of 250.67, a P/E/G ratio of 18.07 and a beta of 0.47. The company has a current ratio of 1.32, a quick ratio of 0.54 and a debt-to-equity ratio of 132.03. The company’s 50-day moving average price is C$22.03 and its 200-day moving average price is C$23.01.

Insiders Place Their Bets

In related news, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of C$21.23, for a total value of C$55,198.00. Also, Director Linda Mantia bought 4,498 shares of the stock in a transaction on Friday, November 15th. The shares were bought at an average cost of C$22.23 per share, with a total value of C$99,990.54. 39.87% of the stock is owned by insiders.

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.