Maple Leaf Foods (TSE:MFI) Given New C$32.00 Price Target at CIBC

Maple Leaf Foods (TSE:MFIFree Report) had its target price upped by CIBC from C$30.00 to C$32.00 in a research report report published on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research firms have also recently weighed in on MFI. 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 note on Monday, January 13th. TD Securities decreased their target price on shares of Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Finally, National Bankshares boosted their target price 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, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$31.08.

Check Out Our Latest Stock Analysis on MFI

Maple Leaf Foods Stock Performance

TSE MFI opened at C$25.86 on Wednesday. The firm’s fifty day moving average price is C$21.12 and its two-hundred day moving average price is C$21.97. The stock has a market cap of C$3.24 billion, a PE ratio of 95.43, a PEG ratio of 18.07 and a beta of 0.47. Maple Leaf Foods has a fifty-two week low of C$19.61 and a fifty-two week high of C$25.96. The company has a debt-to-equity ratio of 130.19, a quick ratio of 0.54 and a current ratio of 1.26.

Maple Leaf Foods Announces Dividend

The firm also recently declared 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 of this dividend was Friday, December 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.40%. Maple Leaf Foods’s dividend payout ratio (DPR) is presently 324.76%.

Maple Leaf Foods Company Profile

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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.

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Analyst Recommendations for Maple Leaf Foods (TSE:MFI)

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