Maple Leaf Foods (TSE:MFI) had its price target lifted by BMO Capital Markets from C$39.00 to C$40.00 in a research report released on Friday morning, BayStreet.CA reports.
A number of other brokerages also recently commented on MFI. Royal Bank of Canada reduced their price objective on Maple Leaf Foods from C$34.00 to C$33.00 and set a sector perform rating for the company in a research report on Friday, May 3rd. CIBC raised their price objective on Maple Leaf Foods from C$38.00 to C$41.00 in a research report on Friday. Finally, TD Securities raised their price objective on Maple Leaf Foods from C$39.00 to C$47.00 and gave the stock an action list buy rating in a research report on Friday.
Shares of MFI stock traded down C$0.30 during mid-day trading on Friday, reaching C$34.40. The stock had a trading volume of 385,800 shares, compared to its average volume of 222,694. The company has a 50 day moving average of C$29.93. The company has a current ratio of 1.39, a quick ratio of 0.44 and a debt-to-equity ratio of 35.45. Maple Leaf Foods has a one year low of C$26.05 and a one year high of C$35.81. The company has a market capitalization of $4.28 billion and a price-to-earnings ratio of 35.54.
In related news, Senior Officer Richard Young sold 9,600 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of C$31.00, for a total transaction of C$297,600.00. Following the completion of the transaction, the insider now owns 240,433 shares in the company, valued at approximately C$7,453,423. Also, Senior Officer Rory A. Mcalpine sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of C$33.27, for a total value of C$99,798.00. Following the transaction, the insider now owns 20,842 shares of the company’s stock, valued at approximately C$693,329.97. Insiders sold a total of 19,988 shares of company stock valued at $644,490 in the last quarter.
Maple Leaf Foods Company Profile
Maple Leaf Foods Inc operates as a consumer protein company. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, fresh pork, poultry, and plant protein products. The company offers its products under various brands, including Maple Leaf, Maple Leaf Prime, Maple Leaf Natural Selections, Schneiders, Schneiders Country Naturals, Mina, Greenfield Natural Meat Co, Lightlife, Field Roast Grain Meat Co, and Swift.
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