MTY Food Group Inc (MTY) Price Target Lowered to C$48.00 at Scotiabank

MTY Food Group Inc (TSE:MTY) had its price target reduced by Scotiabank from C$49.00 to C$48.00 in a research report sent to investors on Wednesday. They currently have a sector perform rating on the stock.

Separately, TD Securities decreased their price target on shares of MTY Food Group from C$48.00 to C$46.00 and set a hold rating on the stock in a research note on Tuesday, July 11th.

Shares of MTY Food Group (TSE MTY) traded down 1.73% during trading on Wednesday, reaching $47.11. 21,259 shares of the company’s stock were exchanged. The stock has a market capitalization of $1.01 billion and a price-to-earnings ratio of 15.81. The stock has a 50 day moving average price of $47.66 and a 200-day moving average price of $47.32. MTY Food Group has a 52 week low of $44.05 and a 52 week high of $53.20.

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About MTY Food Group

MTY Food Group Inc is a Canada-based company, which franchises and operates quick-service restaurants. The Company operates in four segments: Franchising, which includes revenue from royalties, supplier contributions, franchise fees, rent, and the construction and renovation of restaurants; Corporate, which includes the direct sale of prepared food to customers; Distribution, which includes distribution of raw materials to restaurants of its Valentine and Franx banners, and processing, which includes the sale of ingredients and prepared food to restaurant chains, distributors and retailers.

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