Shares of Maple Leaf Foods Inc. (TSE:MFI - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$22.09 and traded as high as C$24.99. Maple Leaf Foods shares last traded at C$24.74, with a volume of 155,668 shares trading hands.
Analyst Ratings Changes
MFI has been the subject of several recent analyst reports. TD Securities cut their target price on Maple Leaf Foods from C$35.00 to C$34.00 and set a "buy" rating for the company in a research note on Thursday, November 14th. CIBC upped their target price on Maple Leaf Foods from C$30.00 to C$32.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. National Bankshares upped their price target on shares of Maple Leaf Foods from C$26.00 to C$27.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. Royal Bank of Canada upped their price target on shares of Maple Leaf Foods from C$29.00 to C$30.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. Finally, Canaccord Genuity Group upped their price target on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of C$31.08.
Read Our Latest Stock Report on Maple Leaf Foods
Maple Leaf Foods Stock Up 0.9 %
The company has a quick ratio of 0.54, a current ratio of 1.26 and a debt-to-equity ratio of 130.19. The firm has a market cap of C$3.12 billion, a P/E ratio of 92.11, a PEG ratio of 18.07 and a beta of 0.47. The stock's 50-day simple moving average is C$22.20 and its 200 day simple moving average is C$22.09.
Maple Leaf Foods Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.96 dividend on an annualized basis and a yield of 3.85%. This is a boost from Maple Leaf Foods's previous quarterly dividend of $0.22. Maple Leaf Foods's dividend payout ratio is 324.76%.
Maple Leaf Foods Company Profile
(
Get Free Report)
Maple Leaf Foods Inc is a consumer-packaged meats company. It produces prepared meats and meals, fresh pork, and poultry and turkey products. The company also has agribusiness operations. These operations supply livestock to the meat products business operations. Its main markets are Canada, the United States, Japan, and China.
Further Reading
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