In a new note to investors on February 19, an analyst has provided a rating update for the Services sector company, MTY Food (MTY). Analyst George Doumet from Scotiabank remains neutral on the stock and has a C$59 price target.
Doumet has an average return of 28.5% when recommending MTY Food.
According to TipRanks.com, Doumet is ranked #1851 out of 5188 analysts.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for MTY Food with a C$64.50 average price target.
Based on MTY Food’s latest earnings release for the quarter ending November 30, the company reported a quarterly net profit of C$12.93 million. In comparison, last year the company had a net profit of C$19.42 million.
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.
The company’s shares closed on Wednesday at C$59.32.
