Restaurant Brands International (TSE:QSR) (NYSE:QSR) had its price objective reduced by investment analysts at Royal Bank of Canada from C$74.00 to C$71.00 in a report issued on Wednesday, Price Targets.com reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price suggests a potential downside of 2.58% from the stock’s current price.
Other equities research analysts also recently issued reports about the company. CIBC reaffirmed an “outperform” rating and set a C$97.00 price target on shares of Restaurant Brands International in a report on Tuesday, July 27th. Wells Fargo & Company increased their price objective on Restaurant Brands International from C$83.00 to C$86.00 and gave the stock a “na” rating in a research report on Monday, June 28th. Deutsche Bank Aktiengesellschaft cut their price objective on Restaurant Brands International from C$81.00 to C$75.00 and set a “buy” rating for the company in a research report on Wednesday, October 13th. UBS Group reiterated a “buy” rating and issued a C$80.00 price objective on shares of Restaurant Brands International in a research report on Thursday, September 2nd. Finally, Loop Capital assumed coverage on Restaurant Brands International in a research report on Tuesday, October 5th. They issued a “hold” rating and a C$65.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Restaurant Brands International presently has an average rating of “Buy” and a consensus target price of C$80.96.
Shares of TSE QSR opened at C$72.88 on Wednesday. The company has a debt-to-equity ratio of 336.49, a current ratio of 1.53 and a quick ratio of 1.39. The stock has a fifty day moving average price of C$79.83 and a 200 day moving average price of C$81.33. Restaurant Brands International has a 1-year low of C$67.77 and a 1-year high of C$87.32. The company has a market cap of C$22.48 billion and a PE ratio of 26.88.
In related news, Senior Officer Joshua Kobza sold 55,000 shares of Restaurant Brands International stock in a transaction dated Thursday, August 26th. The stock was sold at an average price of C$85.69, for a total transaction of C$4,713,192.00. Following the completion of the sale, the insider now owns 314,096 shares in the company, valued at approximately C$26,916,268.26.
Restaurant Brands International Company Profile
Restaurant Brands International Inc owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brands. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.
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