Maple Leaf Foods (TSE:MFI) Price Target Raised to C$32.00

Maple Leaf Foods (TSE:MFI) had its price objective boosted by investment analysts at CIBC from C$30.00 to C$32.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s target price suggests a potential upside of 25.24% from the company’s current price.

MFI has been the subject of several other research reports. Canaccord Genuity Group boosted 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. 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 for the company in a research note on Thursday, November 14th. Finally, National Bankshares upped their price target on shares of Maple Leaf Foods from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research note on Wednesday. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$31.08.

Maple Leaf Foods Trading Up 4.0 %

TSE MFI traded up C$0.98 during mid-day trading on Wednesday, reaching C$25.55. 401,201 shares of the stock were exchanged, compared to its average volume of 219,902. Maple Leaf Foods has a 1-year low of C$19.61 and a 1-year high of C$25.96. The business’s fifty day simple moving average is C$21.12 and its 200 day simple moving average is C$21.97. The stock has a market capitalization of C$3.20 billion, a PE ratio of 94.29, a PEG ratio of 18.07 and a beta of 0.47. The company has a debt-to-equity ratio of 130.19, a quick ratio of 0.54 and a current ratio of 1.26.

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.