Berenberg Bank reiterated their hold rating on shares of Maple Leaf Foods (TSE:MFI) in a report published on Thursday morning, BayStreet.CA reports. Berenberg Bank currently has a C$24.00 target price on the stock.
Other equities analysts have also issued research reports about the company. CIBC lowered their price objective on Maple Leaf Foods from C$40.00 to C$33.00 in a research note on Thursday, October 31st. TD Securities lowered their price objective on Maple Leaf Foods from C$47.00 to C$38.00 and set an action list buy rating on the stock in a research note on Thursday, October 31st. Finally, BMO Capital Markets boosted their price objective on Maple Leaf Foods from C$39.00 to C$40.00 in a research note on Friday, August 2nd.
Shares of Maple Leaf Foods stock traded down C$0.01 on Thursday, reaching C$23.13. 349,400 shares of the stock were exchanged, compared to its average volume of 267,513. Maple Leaf Foods has a twelve month low of C$21.87 and a twelve month high of C$35.81. The firm has a market capitalization of $2.89 billion and a price-to-earnings ratio of 42.21. The business has a 50 day moving average price of C$27.49 and a two-hundred day moving average price of C$30.32. The company has a quick ratio of 0.53, a current ratio of 1.71 and a debt-to-equity ratio of 37.07.
In other news, Senior Officer Deborah Keenan Simpson sold 34,200 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of C$30.86, for a total value of C$1,055,442.78. Following the completion of the sale, the insider now directly owns 110,920 shares of the company’s stock, valued at approximately C$3,423,091.03.
Maple Leaf Foods Company Profile
Maple Leaf Foods Inc operates as a consumer protein company. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, fresh pork, poultry, and plant protein products. The company offers its products under various brands, including Maple Leaf, Maple Leaf Prime, Maple Leaf Natural Selections, Schneiders, Schneiders Country Naturals, Mina, Greenfield Natural Meat Co, Lightlife, Field Roast Grain Meat Co, and Swift.
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