Raymond James Has Lowered Expectations for MTY Food Group (TSE:MTY) Stock Price

MTY Food Group (TSE:MTY) had its price target reduced by equities research analysts at Raymond James from C$55.00 to C$50.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Raymond James’ price target would suggest a potential upside of 29.20% from the stock’s current price.

MTY Food Group Stock Performance

TSE MTY traded down C$0.55 during trading hours on Monday, reaching C$38.70. 56,507 shares of the company were exchanged, compared to its average volume of 72,121. The stock has a market capitalization of C$902.38 million, a P/E ratio of 9.66, a P/E/G ratio of 0.75 and a beta of 1.95. The company has a quick ratio of 0.57, a current ratio of 0.61 and a debt-to-equity ratio of 142.67. MTY Food Group has a 1 year low of C$36.79 and a 1 year high of C$53.16. The business’s 50 day simple moving average is C$43.22 and its 200-day simple moving average is C$45.63.

About MTY Food Group

MTY Food Group Inc operates and franchises quick-service, fast-casual, and casual dining restaurants in Canada, the United States, and internationally. It also sells retail products under a multitude of banners. The company was formerly known as iNsu Innovations Group Inc and changed its name to MTY Food Group Inc in July 2003.