Maple Leaf Foods Inc. (TSE:MFI) Receives C$31.08 Average Target Price from Analysts

Shares of Maple Leaf Foods Inc. (TSE:MFI) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$31.08.

Several equities research analysts have issued reports on the company. Royal Bank of Canada raised their target price on Maple Leaf Foods from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. Canaccord Genuity Group increased their price target 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. Scotiabank upgraded shares of Maple Leaf Foods to a “hold” rating in a report on Tuesday. CIBC increased their target price on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. Finally, National Bankshares boosted 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, February 26th.

Maple Leaf Foods Stock Down 6.3 %

Maple Leaf Foods stock opened at C$24.01 on Friday. The company has a debt-to-equity ratio of 130.19, a current ratio of 1.26 and a quick ratio of 0.54. The stock has a market capitalization of C$3.01 billion, a PE ratio of 88.61, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47. Maple Leaf Foods has a 12 month low of C$19.61 and a 12 month high of C$26.10. The business has a 50 day simple moving average of C$23.56 and a 200-day simple moving average of C$22.40.

Maple Leaf Foods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, March 7th. This is a boost from Maple Leaf Foods’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a yield of 4.00%. Maple Leaf Foods’s dividend payout ratio (DPR) is currently 324.76%.

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.