MTY Food Group (TSE:MTY) was downgraded by analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Tuesday. They presently have a C$53.00 target price on the stock, down from their previous target price of C$56.00. National Bank Financial’s price target suggests a potential upside of 10.81% from the company’s current price.
Several other equities analysts have also issued reports on MTY. TD Securities boosted their price target on shares of MTY Food Group from C$49.00 to C$54.00 and gave the company a “hold” rating in a report on Friday, January 12th. Acumen Capital boosted their price target on shares of MTY Food Group from C$52.75 to C$55.00 and gave the company a “buy” rating in a report on Wednesday, December 13th. Finally, Scotiabank boosted their price target on shares of MTY Food Group from C$50.00 to C$52.00 and gave the company a “sector perform” rating in a report on Wednesday, December 13th.
Shares of MTY stock opened at C$47.83 on Tuesday. MTY Food Group has a 12-month low of C$44.75 and a 12-month high of C$56.60.
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About MTY Food Group
MTY Food Group Inc franchises and operates quick-service restaurants in Canada and internationally. It also operates a distribution center and a food processing plant. As of November 30, 2017, the company had 5,469 locations comprising 5,402 franchised and 67 company operated locations. The company was formerly known as iNsu Innovations Group Inc and changed its name to MTY Food Group Inc in July 2003.
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