Royal Bank of Canada Lowers MAV Beauty Brands (TSE:MAV) Price Target to C$10.00

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MAV Beauty Brands (TSE:MAV) had its price objective dropped by research analysts at Royal Bank of Canada from C$11.00 to C$10.00 in a report issued on Tuesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 51.06% from the stock’s current price.

A number of other equities analysts also recently weighed in on the stock. Raymond James set a C$2.70 target price on shares of Maverix Metals and gave the stock an “outperform” rating in a report on Friday, March 29th. CIBC reaffirmed a “buy” rating and issued a $13.00 price objective on shares of BlackBerry in a research note on Friday, March 29th. BMO Capital Markets cut Stornoway Diamond from a “market perform” rating to an “underperform” rating in a report on Monday, April 1st. National Bank Financial cut their target price on Transcontinental from C$22.00 to C$21.00 and set an “outperform” rating on the stock in a report on Tuesday, May 14th. Finally, Jefferies Financial Group lowered their price target on MAV Beauty Brands from C$15.00 to C$14.00 in a research report on Friday, March 29th.

MAV Beauty Brands stock remained flat at $C$6.62 during mid-day trading on Tuesday. 6,265 shares of the company’s stock were exchanged, compared to its average volume of 65,133. MAV Beauty Brands has a 12-month low of C$5.90 and a 12-month high of C$14.15. The company has a market cap of $248.57 million and a PE ratio of -27.82. The company has a current ratio of 2.57, a quick ratio of 1.23 and a debt-to-equity ratio of 52.46. The business’s 50 day moving average price is C$6.81.

MAV Beauty Brands (TSE:MAV) last announced its earnings results on Monday, May 13th. The company reported C$0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.09. The firm had revenue of C$32.05 million for the quarter, compared to analyst estimates of C$35.44 million. On average, equities analysts forecast that MAV Beauty Brands will post 0.68 EPS for the current fiscal year.

About MAV Beauty Brands

MAV Beauty Brands Inc operates as a personal care company. The company offers hair care, body care, and beauty products, such as shampoos, conditioners, hair styling products, treatments, body wash products, and body and hand lotions under the Marc Anthony True Professional, Renpure, and Cake Beauty brand names.

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