Maple Leaf Foods Inc. (TSE:MFI) Given Average Rating of "Buy" by Brokerages

Maple Leaf Foods Inc. (TSE:MFI - Get Free Report) has been given an average rating of "Buy" by the six analysts that are currently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$29.93.

A number of equities analysts recently weighed in on the stock. National Bankshares reduced their target price on shares of Maple Leaf Foods from C$28.00 to C$26.00 in a research note on Thursday, November 14th. TD Securities reduced their price target 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.

Maple Leaf Foods Stock Down 1.6 %

MFI traded down C$0.34 during trading on Thursday, reaching C$20.51. The company had a trading volume of 152,094 shares, compared to its average volume of 169,863. The business's fifty day moving average price is C$22.27 and its 200 day moving average price is C$22.80. The company has a debt-to-equity ratio of 132.03, a current ratio of 1.32 and a quick ratio of 0.54. Maple Leaf Foods has a 12 month low of C$20.40 and a 12 month high of C$27.55. The company has a market cap of C$2.53 billion, a P/E ratio of 227.89, a PEG ratio of 18.07 and a beta of 0.47.

Maple Leaf Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 4.29%. The ex-dividend date of this dividend is Friday, December 6th. Maple Leaf Foods's dividend payout ratio (DPR) is 977.78%.

Insider Transactions at Maple Leaf Foods

In other news, Director Linda Mantia acquired 4,498 shares of the stock in a transaction dated Friday, November 15th. The shares were bought at an average cost of C$22.23 per share, for a total transaction of C$99,990.54. Company insiders own 39.87% of the company's stock.

Maple Leaf Foods Company Profile

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.