Royal Bank Of Canada Lowers MTY Food Group (TSE:MTY) Price Target to C$48.00

MTY Food Group (TSE:MTY) had its price objective decreased by analysts at Royal Bank Of Canada from C$51.00 to C$48.00 in a research note issued to investors on Monday,BayStreet.CA reports. Royal Bank Of Canada’s price objective points to a potential upside of 19.40% from the stock’s previous close.

MTY has been the subject of a number of other reports. Raymond James Financial lowered their price target on shares of MTY Food Group from C$55.00 to C$50.00 in a report on Monday, April 14th. Scotiabank raised shares of MTY Food Group to a “hold” rating in a research note on Wednesday, June 18th.

MTY Food Group Price Performance

MTY opened at C$40.20 on Monday. The company has a debt-to-equity ratio of 142.67, a current ratio of 0.61 and a quick ratio of 0.57. The stock’s 50 day simple moving average is C$42.43 and its 200 day simple moving average is C$43.59. The firm has a market cap of C$937.36 million, a price-to-earnings ratio of 10.04, a PEG ratio of 0.75 and a beta of 1.95. MTY Food Group has a 1 year low of C$36.79 and a 1 year 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.