MTY Food Group (MTY) PT Raised to C$54.00 at TD Securities

MTY Food Group (TSE:MTY) had its price target lifted by TD Securities from C$49.00 to C$54.00 in a report issued on Friday. The brokerage currently has a “hold” rating on the stock. TD Securities’ price target indicates a potential upside of 1.01% from the company’s current price.

MTY has been the subject of a number of other reports. Acumen Capital lifted their target price on MTY Food Group from C$52.75 to C$55.00 and gave the company a “buy” rating in a research report on Wednesday, December 13th. Scotiabank decreased their target price on MTY Food Group from C$49.00 to C$48.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 11th.

Shares of MTY Food Group (TSE:MTY) opened at C$53.46 on Friday. The firm has a market capitalization of $1,140.00, a price-to-earnings ratio of 22.09 and a beta of 0.80. MTY Food Group has a 1 year low of C$44.75 and a 1 year high of C$56.60.

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About MTY Food Group

MTY Food Group Inc is a Canada-based company, which franchises and operates quick-service restaurants. The Company operates in four segments: Franchising, which includes revenue from royalties, supplier contributions, franchise fees, rent, and the construction and renovation of restaurants; Corporate, which includes the direct sale of prepared food to customers; Distribution, which includes distribution of raw materials to restaurants of its Valentine and Franx banners, and processing, which includes the sale of ingredients and prepared food to restaurant chains, distributors and retailers.

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