Maple Leaf Foods Inc. (TSE:MFI) Receives C$29.93 Consensus Target Price from Brokerages

Shares of Maple Leaf Foods Inc. (TSE:MFI) have earned a consensus rating of “Buy” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$29.93.

Several equities research analysts have recently weighed in on the company. National Bankshares reduced their price target on Maple Leaf Foods from C$28.00 to C$26.00 in a report on Thursday, November 14th. CIBC dropped their target price on shares of Maple Leaf Foods from C$31.00 to C$30.00 in a research note on Friday, August 9th. Finally, TD Securities decreased their target price on Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating for the company in a research report on Thursday, November 14th.

Insider Buying and Selling

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

Maple Leaf Foods Stock Performance

Shares of TSE:MFI opened at C$22.76 on Friday. The company has a current ratio of 1.32, a quick ratio of 0.54 and a debt-to-equity ratio of 132.03. Maple Leaf Foods has a 12 month low of C$21.05 and a 12 month high of C$27.55. The company has a market capitalization of C$2.80 billion, a price-to-earnings ratio of 259.33, a PEG ratio of 18.07 and a beta of 0.47. The firm’s 50-day moving average is C$22.13 and its 200 day moving average is C$22.95.

Maple Leaf Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.87%. Maple Leaf Foods’s dividend payout ratio is presently 977.78%.

About Maple Leaf Foods

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.