MTY Food Group Inc. (MTY) Earns Outperform Rating from Scotiabank

Scotiabank reissued their outperform rating on shares of MTY Food Group Inc. (TSE:MTY) in a research note published on Thursday morning. They currently have a C$49.00 price objective on the stock.

MTY Food Group (TSE:MTY) opened at 44.36 on Thursday. The firm has a market cap of $848.16 million and a price-to-earnings ratio of 30.81. MTY Food Group has a 52-week low of $27.91 and a 52-week high of $46.50. The company’s 50-day moving average price is $43.84 and its 200-day moving average price is $40.49.

About MTY Food Group

MTY Food Group Inc is a Canada-based company, which franchises and operates quick-service restaurants. The Company operates in four segments: Franchising, which includes revenue from royalties, supplier contributions, franchise fees, rent, and the construction and renovation of restaurants; Corporate, which includes the direct sale of prepared food to customers; Distribution, which includes distribution of raw materials to restaurants of its Valentine and Franx banners, and processing, which includes the sale of ingredients and prepared food to restaurant chains, distributors and retailers.

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