Brokerages Set Maple Leaf Foods Inc. (TSE:MFI) Target Price at C$31.08

Shares of Maple Leaf Foods Inc. (TSE:MFI) have received an average rating of “Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average 1 year price target among brokerages that have covered the stock in the last year is C$31.08.

Several brokerages have recently commented on MFI. Royal Bank of Canada boosted their price target on Maple Leaf Foods from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. Canaccord Genuity Group boosted their target price on Maple Leaf Foods from C$30.00 to C$32.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. CIBC raised their price target on Maple Leaf Foods from C$30.00 to C$32.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. Finally, National Bankshares lifted their price target on Maple Leaf Foods from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th.

Maple Leaf Foods Stock Up 0.6 %

MFI stock opened at C$25.07 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.54 and a debt-to-equity ratio of 130.19. The company’s 50-day moving average price is C$23.26 and its 200 day moving average price is C$22.31. Maple Leaf Foods has a 52 week low of C$19.61 and a 52 week high of C$26.10. The company has a market cap of C$3.14 billion, a P/E ratio of 92.52, a P/E/G ratio of 18.07 and a beta of 0.47.

Maple Leaf Foods Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were paid a $0.24 dividend. This is an increase from Maple Leaf Foods’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, March 7th. This represents a $0.96 annualized dividend and a yield of 3.83%. Maple Leaf Foods’s payout ratio is presently 324.76%.

About Maple Leaf Foods

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.