10:31:40 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



MTY Food Group Inc
Symbol MTY
Shares Issued 24,706,461
Close 2020-07-13 C$ 27.85
Market Cap C$ 688,074,939
Recent Sedar Documents

Globe says MTY Food Group kept at "market perform"

2020-07-14 09:03 ET - In the News

The Globe and Mail reports in its Tuesday, July 14, edition that Raymond James analyst Michael Glen says MTY Food Group's ($27.85) second quarter results illustrated how the company benefited from taking very quick actions at the onset of the COVID-19 pandemic. The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Glen says in a note, "Such actions included significant cuts at the corporate level, exceptionally strong working capital management and renegotiation of the company's credit facility to incorporate more lenient covenants." Mr. Glen boosted his share target to $30 from $26, while maintaining his "market perform" rating. Analysts on average target the shares at $29 he said. Mr. Glen says that 92 per cent of MTY Food's network is now open -- up from 80 per cent at the end of the second quarter. The Globe reported on March 28 that Mr. Glen said MTY Food "wasn't built for pandemics." In the item, Mr. Glenn dropped his target for MTY Food shares to $35 from $62, citing the "significant" reductions to his forecast. The shares could then be had for $20.98. The Globe reported on July 9 that Mr. Glen had reiterated his "market perform" call. The shares could then be had for $28.84.

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