Maple Leaf Foods was Downgraded to a Hold Rating at Scotiabank

By Jason Carr

Maple Leaf Foods (TSX: MFI), the Consumer Goods sector company, has received a rating update from a Wall Street analyst yesterday. Analyst George Doumet from Scotiabank rated Maple Leaf Foods (TSX: MFI) a Hold, setting a C$37.50 price target.

Doumet has an average return of 16.8% when recommending Maple Leaf Foods.

According to TipRanks.com, Doumet is ranked #981 out of 4694 analysts.

Maple Leaf Foods has an analyst consensus of Moderate Buy, with a price target consensus of C$37.92.

The company has a one-year high of C$35.37 and a one-year low of C$27.31. Currently, Maple Leaf Foods has an average volume of 195.3K.

Maple Leaf Foods, Inc. manufactures and sells bakery products, meat, poultry and other packaged consumer food products. The company operates through the following business segments: Meat Products Group, Agribusiness Group and Bakery Products Group.

The company’s shares closed on Thursday at C$34.41, close to its 52-week high of C$35.37.