In a new note to investors yesterday, an analyst has provided a rating update for Maple Leaf Foods (MFI). Analyst George Doumet from Scotiabank rated Maple Leaf Foods (MFI) a Buy, setting a C$37 price target.
Doumet has an average return of 8.2% when recommending Maple Leaf Foods.
According to TipRanks.com, Doumet is ranked #1876 out of 5224 analysts.
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Currently, the analyst consensus on Maple Leaf Foods is a Moderate Buy with an average price target of C$34, a 22.5% upside from current levels. In a report released yesterday, Canaccord Genuity also reiterated a Buy rating on the stock with a C$34 price target.
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Based on Maple Leaf Foods’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$26.56 million. In comparison, last year the company had a net profit of C$59.06 million.
Maple Leaf Foods, Inc. is a consumer protein company specializes in 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 LightlifeTM. The company was founded in 1991 and is headquartered in Mississauga, Canada.
The company’s shares closed on Thursday at C$27.75.
