Analysts Set MTY Food Group Inc. (TSE:MTY) Price Target at C$53.71

Shares of MTY Food Group Inc. (TSE:MTY) have been given an average recommendation of “Buy” by the one analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a buy rating. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$52.00.

Separately, Raymond James decreased their target price on MTY Food Group from C$55.00 to C$50.00 in a research report on Monday, April 14th.

MTY Food Group Stock Performance

Shares of TSE MTY opened at C$40.08 on Monday. The firm’s fifty day moving average is C$42.30 and its two-hundred day moving average is C$45.44. MTY Food Group has a 52-week low of C$36.79 and a 52-week high of C$53.16. The company has a market cap of C$934.56 million, a P/E ratio of 10.01, a P/E/G ratio of 0.75 and a beta of 1.95. The company has a debt-to-equity ratio of 142.67, a quick ratio of 0.57 and a current ratio of 0.61.

MTY Food Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 15th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Thursday, May 1st. MTY Food Group’s payout ratio is 27.97%.

About MTY Food Group

MTY Food Group Inc operates and franchises quick-service, fast-casual, and casual dining restaurants in Canada, the United States, and internationally. It also sells retail products under a multitude of banners. The company was formerly known as iNsu Innovations Group Inc and changed its name to MTY Food Group Inc in July 2003.