What Will Happen to Maple Leaf Foods Inc. Next? The Stock Just Reaches All-Time High

 What Will Happen to Maple Leaf Foods Inc. Next? The Stock Just Reaches All Time High

The stock of Maple Leaf Foods Inc. (TSE:MFI) reached all time high today, Oct, 19 and still has $47.99 target or 55.00% above today’s $30.96 share price. This indicates more upside for the $4.22B company. This technical setup was reported by Barchart.com. If the $47.99 PT is reached, the company will be worth $2.32 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 23,455 shares traded hands. Maple Leaf Foods Inc. (TSE:MFI) has risen 15.39% since March 14, 2016 and is uptrending. It has outperformed by 9.85% the S&P500.

Maple Leaf Foods Inc. (TSE:MFI) Ratings Coverage

Out of 4 analysts covering Maple Leaf Foods Inc. (TSE:MFI), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. $35 is the highest target while $19 is the lowest. The $30.67 average target is -0.94% below today’s ($30.96) stock price. Maple Leaf Foods Inc. has been the topic of 10 analyst reports since July 21, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained it with “Sector Perform” rating and $25 target price in Wednesday, October 14 report.

More notable recent Maple Leaf Foods Inc. (TSE:MFI) news were published by: Fool.ca which released: “The Best Stock You’ve Never Heard of: Maple Leaf Foods Inc.” on September 06, 2016, also Business.Financialpost.com with their article: “Maple Leaf Foods Inc to cut 400 jobs, 3% of its workforce, as it struggles to …” published on November 25, 2015, Business.Financialpost.com published: “Maple Leaf Foods Inc profit beats as prepared meat products margins improve …” on March 01, 2016. More interesting news about Maple Leaf Foods Inc. (TSE:MFI) were released by: Theglobeandmail.com and their article: “Maple Leaf Foods Inc. has more in it” published on May 29, 2015 as well as Fool.ca‘s news article titled: “Maple Leaf Foods Inc.: It’s Time to Sell Despite Momentum” with publication date: September 20, 2016.

Maple Leaf Foods Inc. is a Canada-based consumer protein company. The company has a market cap of $4.22 billion. The Firm offers products under various brands, which include Maple Leaf, Maple Leaf Prime, Maple Leaf Natural Selections, Schneiders, Schneiders Country Naturals and Mina. It has a 34.25 P/E ratio. The Firm operates through two divisions: Meat Products Group and Agribusiness Group.

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