MTY Food Group (MTY) Price Target Raised to C$52.50 at Scotiabank

MTY Food Group (TSE:MTY) had its price objective boosted by equities researchers at Scotiabank from C$52.00 to C$52.50 in a report released on Tuesday. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price target would indicate a potential downside of 0.06% from the stock’s previous close.

A number of other brokerages also recently issued reports on MTY. TD Securities boosted their price target on MTY Food Group from C$49.00 to C$54.00 and gave the company a “hold” rating in a report on Friday, January 12th. Acumen Capital boosted their price target on MTY Food Group from C$52.75 to C$55.00 and gave the company a “buy” rating in a report on Wednesday, December 13th.

Shares of MTY Food Group (TSE MTY) traded down C$0.70 during trading hours on Tuesday, reaching C$52.53. The company had a trading volume of 36,151 shares, compared to its average volume of 45,035. MTY Food Group has a 52 week low of C$44.75 and a 52 week high of C$56.60. The stock has a market cap of $1,080.00, a P/E ratio of 21.72 and a beta of 0.63.

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About MTY Food Group

MTY Food Group Inc is a Canada-based company, which franchises and operates quick-service restaurants. The Company operates in four segments: Franchising, which includes revenue from royalties, supplier contributions, franchise fees, rent, and the construction and renovation of restaurants; Corporate, which includes the direct sale of prepared food to customers; Distribution, which includes distribution of raw materials to restaurants of its Valentine and Franx banners, and processing, which includes the sale of ingredients and prepared food to restaurant chains, distributors and retailers.

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