Canaccord Genuity Group Forecasts Strong Price Appreciation for Maple Leaf Foods (TSE:MFI) Stock

Maple Leaf Foods (TSE:MFI) had its price objective upped by equities researchers at Canaccord Genuity Group from C$30.00 to C$32.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 48.70% from the company’s previous close.

Other research analysts also recently issued reports about the stock. TD Securities dropped 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 report on Thursday, November 14th. National Bankshares lowered their price objective on shares of Maple Leaf Foods from C$28.00 to C$26.00 in a research report on Thursday, November 14th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Maple Leaf Foods has a consensus rating of “Buy” and a consensus price target of C$30.19.

Maple Leaf Foods Trading Down 0.5 %

TSE:MFI opened at C$21.52 on Monday. The stock has a fifty day simple moving average of C$21.73 and a 200 day simple moving average of C$22.50. The firm has a market capitalization of C$2.65 billion, a price-to-earnings ratio of 239.11, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47. Maple Leaf Foods has a 1-year low of C$19.61 and a 1-year high of C$27.55. 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 Activity

In other Maple Leaf Foods news, Director Linda Mantia purchased 4,498 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were bought at an average price of C$22.23 per share, for a total transaction of C$99,990.54. 39.87% of the stock is currently owned by corporate insiders.

About Maple Leaf Foods

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.