MTY Food Group (MTY) Price Target Raised to C$52.50 at Scotiabank

MTY Food Group (TSE:MTY) had its price target hoisted by Scotiabank from C$52.00 to C$52.50 in a research report released on Tuesday. Scotiabank currently has a sector perform rating on the stock.

MTY has been the topic of a number of other research reports. TD Securities raised their price objective on shares of MTY Food Group from C$54.00 to C$55.00 and gave the stock a hold rating in a report on Tuesday. Acumen Capital raised their price objective on shares of MTY Food Group from C$52.75 to C$55.00 and gave the stock a buy rating in a report on Wednesday, December 13th.

Shares of MTY Food Group (TSE MTY) opened at C$52.74 on Tuesday. MTY Food Group has a 1-year low of C$44.75 and a 1-year high of C$56.60. The firm has a market cap of $1,080.00, a P/E ratio of 21.76 and a beta of 0.63.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 5th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Sunday, February 4th. This represents a $0.60 dividend on an annualized basis and a yield of 1.14%. This is a boost from MTY Food Group’s previous quarterly dividend of $0.12. MTY Food Group’s dividend payout ratio (DPR) is presently 19.01%.

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MTY Food Group Company Profile

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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