CIBC Issues Positive Forecast for Maple Leaf Foods (TSE:MFI) Stock Price

Maple Leaf Foods (TSE:MFI) had its price target upped by analysts at CIBC from C$30.00 to C$32.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s price objective would indicate a potential upside of 24.22% from the stock’s previous close.

A number of other analysts have also commented on the stock. Canaccord Genuity Group boosted their price target on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the company a “buy” rating in a research note on Monday, January 13th. National Bankshares boosted their price target on shares of Maple Leaf Foods from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, TD Securities decreased their price target on shares of Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$31.08.

Maple Leaf Foods Stock Performance

TSE:MFI opened at C$25.76 on Wednesday. The company has a fifty day moving average of C$21.22 and a 200-day moving average of C$21.97. The firm has a market capitalization of C$3.22 billion, a P/E ratio of 95.07, a P/E/G ratio of 18.07 and a beta of 0.47. The company has a quick ratio of 0.54, a current ratio of 1.26 and a debt-to-equity ratio of 130.19. Maple Leaf Foods has a twelve month low of C$19.61 and a twelve month high of C$26.10.

Maple Leaf Foods Company Profile

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.