MTY Food Group (TSE:MTY) Given New C$50.00 Price Target at Acumen Capital

MTY Food Group (TSE:MTY) had its price objective dropped by research analysts at Acumen Capital from C$60.00 to C$50.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Acumen Capital’s target price indicates a potential upside of 24.38% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Scotiabank raised shares of MTY Food Group to a “hold” rating in a report on Wednesday, June 18th. Raymond James Financial lowered their price target on MTY Food Group from C$55.00 to C$50.00 in a research report on Monday, April 14th. Finally, Royal Bank Of Canada cut their price objective on MTY Food Group from C$51.00 to C$48.00 in a report on Monday.

MTY Food Group Stock Performance

Shares of MTY Food Group stock opened at C$40.20 on Monday. The company has a 50 day moving average price of C$42.43 and a 200 day moving average price of C$43.59. The firm has a market capitalization of C$937.36 million, a P/E ratio of 10.04, a PEG ratio of 0.75 and a beta of 1.95. The company has a quick ratio of 0.57, a current ratio of 0.61 and a debt-to-equity ratio of 142.67. MTY Food Group has a 52 week low of C$36.79 and a 52 week high of C$53.16.

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.