National Bankshares Issues Pessimistic Forecast for Maple Leaf Foods (TSE:MFI) Stock Price

Maple Leaf Foods (TSE:MFI) had its price target dropped by stock analysts at National Bankshares from C$28.00 to C$26.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. National Bankshares’ price target points to a potential upside of 15.25% from the company’s previous close.

A number of other brokerages also recently issued reports on MFI. TD Securities cut their target price on Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating for the company in a research note on Thursday. CIBC reduced their target price on Maple Leaf Foods from C$31.00 to C$30.00 in a report on Friday, August 9th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$29.93.

Maple Leaf Foods Stock Up 0.7 %

Shares of TSE:MFI opened at C$22.56 on Thursday. The company has a market cap of C$2.78 billion, a price-to-earnings ratio of 250.67, a PEG ratio of 18.07 and a beta of 0.47. Maple Leaf Foods has a fifty-two week low of C$21.05 and a fifty-two week high of C$27.55. The firm’s 50-day simple moving average is C$22.03 and its 200-day simple moving average is C$23.01. The company has a quick ratio of 0.54, a current ratio of 1.32 and a debt-to-equity ratio of 132.03.

Insider Buying and Selling

In other news, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of C$21.23, for a total value of C$55,198.00. Also, Director Linda Mantia acquired 4,498 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were bought at an average price of C$22.23 per share, with a total value of C$99,990.54. Insiders own 39.87% of the company’s stock.

Maple Leaf Foods Company Profile

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.