Maple Leaf Foods (MFI) Receives a Buy from Canaccord Genuity


In a latest note to investors, a research analyst has provided a rating update for the Consumer Goods sector company, Maple Leaf Foods (MFI). Analyst Derek Dley from Canaccord Genuity reiterated a Buy rating, with a C$35 price target on April 8.

Dley has an average return of 9.5% when recommending Maple Leaf Foods.

According to TipRanks.com, Dley is ranked #657 out of 5175 analysts.

Currently, the analyst consensus on Maple Leaf Foods is a Moderate Buy with an average price target of C$34.25.

Based on Maple Leaf Foods’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$11.95 million. In comparison, last year the company had a net profit of C$27.92 million.

Maple Leaf Foods, Inc. is a consumer protein company, which specializes in the manufacture of prepared meats, ready-to-cook and ready-to-serve meals, valued-added fresh pork and poultry, and plant protein products. It operates through the following brands: Maple Leaf, Maple Leaf Prime, Maple Leaf Natural Selections, Schneiders, Schneiders Country Naturals, Mina, and Lightlife. The company was founded in 1990 and is headquartered in Mississauga, Canada.

The company’s shares closed on Tuesday at C$30.77.

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