Maple Leaf Foods Inc (TSE:MFI) Stock Rating Reaffirmed by BMO Capital Markets

Maple Leaf Foods Inc (TSE:MFI)‘s stock had its “market perform” rating restated by equities research analysts at BMO Capital Markets in a research report issued on Monday, July 24th. They presently have a C$36.00 price target on the stock. BMO Capital Markets’ price target points to a potential upside of 3.30% from the company’s previous close.

Several other equities research analysts also recently issued reports on the company. TD Securities restated a “buy” rating and set a C$37.00 target price on shares of Maple Leaf Foods in a research report on Tuesday, April 25th. Royal Bank Of Canada restated a “sector perform” rating and set a C$35.00 target price on shares of Maple Leaf Foods in a research report on Tuesday, April 11th. Scotiabank increased their price objective on Maple Leaf Foods from C$34.00 to C$37.00 and gave the stock an “outperform” rating in a research report on Friday, April 28th. Finally, CIBC increased their price objective on Maple Leaf Foods from C$35.00 to C$36.00 in a research report on Friday, April 28th.

Maple Leaf Foods (MFI) traded down 1.02% during mid-day trading on Monday, reaching $34.85. The company had a trading volume of 106,673 shares. Maple Leaf Foods has a one year low of $27.31 and a one year high of $35.37. The company’s 50-day moving average is $33.58 and its 200-day moving average is $32.69. The stock has a market capitalization of $4.50 billion and a PE ratio of 26.70.

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In other news, insider Gary Louis Maksymetz sold 15,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of C$35.23, for a total transaction of C$528,450.00. Also, insider Ian Vincent Henry sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of C$35.17, for a total value of C$140,680.00. In the last three months, insiders sold 44,000 shares of company stock worth $1,525,800.

About Maple Leaf Foods

Maple Leaf Foods Inc is a Canada-based consumer protein company that processes and produces value-added prepared meats, lunch kits snacks, and value-added fresh pork and poultry products sold under flagship Canadian brands such as Maple Leaf, Maple Leaf Prime, Maple Leaf Natural Selections, Schneiders, Schneiders Country Naturals, Mina and Devour.

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