MAV Beauty Brands (MAV) Price Target Cut to C$14.00

MAV Beauty Brands (TSE:MAV) had its target price cut by CIBC from C$17.00 to C$14.00 in a research note issued to investors on Friday. CIBC’s price target would indicate a potential upside of 62.98% from the company’s previous close.

A number of other analysts also recently weighed in on the stock. BMO Capital Markets set a C$17.00 target price on shares of MAV Beauty Brands and gave the company an “outperform” rating in a research report on Sunday, October 14th. National Bank Financial reissued a “sector perform overweight” rating on shares of MAV Beauty Brands in a research report on Monday, October 8th.

TSE:MAV opened at C$8.59 on Friday. The company has a debt-to-equity ratio of 51.94, a current ratio of 2.31 and a quick ratio of 1.15. MAV Beauty Brands has a fifty-two week low of C$8.27 and a fifty-two week high of C$14.15.

MAV Beauty Brands (TSE:MAV) last released its earnings results on Friday, November 9th. The company reported C($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.17). The business had revenue of C$37.90 million for the quarter, compared to analyst estimates of C$29.98 million. Equities analysts expect that MAV Beauty Brands will post 0.598583220812675 EPS for the current fiscal year.

About MAV Beauty Brands

MAV Beauty Brands Inc operates as a personal care company. The company offers hair care, body care, and beauty products, such as shampoos, conditioners, hair styling products, treatments, body wash products, and body and hand lotions under the Marc Anthony True Professional, Renpure, and Cake Beauty brand names.

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