Yesterday, an analyst has provided a rating update for the Services sector company, MTY Food (TSX: MTY). The company received a Hold rating from TD Securities’ analyst Derek Lessard, with a C$62 price target.
According to TipRanks.com, Lessard is ranked #4330 out of 4877 analysts.
MTY Food has an analyst consensus of Hold, with a price target consensus of C$59.50.
Based on MTY Food’s latest earnings release for the quarter ending May 31, the company reported a quarterly net profit of C$18.04 million. In comparison, last year the company had a net profit of C$12.04 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 Thursday at C$66.05, close to its 52-week high of C$67.40.