National Bankshares Lowers Maple Leaf Foods (TSE:MFI) Price Target to C$26.00

Maple Leaf Foods (TSE:MFI) had its target price trimmed by National Bankshares from C$28.00 to C$26.00 in a report released on Thursday,BayStreet.CA reports.

MFI has been the topic of several other reports. TD Securities reduced their price objective on shares of Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating on the stock in a report on Thursday. CIBC decreased their price objective on shares of Maple Leaf Foods from C$31.00 to C$30.00 in a report on Friday, August 9th. Six analysts have rated the stock with a buy rating, According to MarketBeat, Maple Leaf Foods presently has a consensus rating of “Buy” and a consensus price target of C$29.93.

Maple Leaf Foods Price Performance

MFI stock opened at C$22.56 on Thursday. Maple Leaf Foods has a 52-week low of C$21.05 and a 52-week high of C$27.55. The business has a fifty day moving average of C$22.04 and a two-hundred day moving average of C$22.99. The stock has a market cap of C$2.78 billion, a price-to-earnings ratio of 250.67, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47. The company has a quick ratio of 0.54, a current ratio of 1.32 and a debt-to-equity ratio of 132.03.

Maple Leaf Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date was Friday, September 6th. Maple Leaf Foods’s dividend payout ratio (DPR) is currently 977.78%.

Insider Buying and Selling at Maple Leaf Foods

In other news, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of C$21.23, for a total transaction of C$55,198.00. Also, Director Linda Mantia bought 4,498 shares of Maple Leaf Foods stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average cost of C$22.23 per share, for a total transaction of C$99,990.54. 39.87% of the stock is currently owned by corporate insiders.

Maple Leaf Foods Company Profile

Maple Leaf Foods Inc produces food products in the United States, Canada, Japan, China, and internationally. The company operates through Meat Protein Group and Plant Protein Group segments. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, fresh pork and poultry, and plant protein products; bacon, hams, wieners, and meat snacks; a variety of delicatessen products; and processed chicken products, such as fully cooked chicken breasts and wings, processed turkey products, specialty sausages, cooked meats, sliced meats, cooked sausage products, lunch kits, and canned meats.