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

Maple Leaf Foods (TSE:MFI) had its price target hoisted by Canaccord Genuity Group from C$30.00 to C$32.00 in a research report released on Monday,BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

MFI has been the topic of a number of other research reports. TD Securities decreased their price objective on shares of Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. National Bankshares decreased their target price on Maple Leaf Foods from C$28.00 to C$26.00 in a research report on Thursday, November 14th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$30.19.

Maple Leaf Foods Stock Performance

Shares of MFI opened at C$21.38 on Monday. 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 firm has a market cap of C$2.63 billion, a PE ratio of 237.56, 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$27.55. The company’s 50 day simple moving average is C$21.71 and its 200-day simple moving average is C$22.49.

Maple Leaf Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.22 per share. The ex-dividend date was Friday, December 6th. This represents a $0.88 annualized dividend and a dividend yield of 4.12%. Maple Leaf Foods’s payout ratio is currently 977.78%.

Insider Activity at Maple Leaf Foods

In other news, Director Linda Mantia bought 4,498 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were acquired 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.

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.