In a report released today, Derek Lessard from TD Securities maintained a Hold rating on MTY Food Group (MTYFF – Research Report), with a price target of C$57.00. The company’s shares closed last Monday at $41.40.
According to TipRanks.com, Lessard is a 1-star analyst with an average return of -4.1% and a 51.7% success rate. Lessard covers the Services sector, focusing on stocks such as Pizza Pizza Royalty, Dorel Industries, and Cineplex.
MTY Food Group has an analyst consensus of Hold, with a price target consensus of $47.06, implying a 18.9% upside from current levels. In a report released yesterday, RBC Capital also maintained a Hold rating on the stock with a C$65.00 price target.
Based on MTY Food Group’s latest earnings release for the quarter ending November 30, the company reported a quarterly net profit of $15.64 million. In comparison, last year the company had a net profit of $9.88 million.
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MTY Food Group, Inc. engages in the franchise and operation of quick-service and causal dining restaurants. It operates through the Canada, and USA and International segments.