Restaurant Brands International (QSR) Receives Price Target

Restaurant Brands International (QSR) : 7 Wall Street analysts covering Restaurant Brands International (QSR) believe that the average level the stock could reach for the short term is $47.84. The maximum price target given is $52 and the minimum target for short term is around $41, hence the standard deviation is calculated at $4.13.

Restaurant Brands International (QSR) : 9 analysts are covering Restaurant Brands International (QSR) and their average rating on the stock is 2.44, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Restaurant Brands International (QSR) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, Major Brokerage house, OTR Global upgrades its ratings on Restaurant Brands International (NYSE:QSR). According to the latest information available, the shares are now rated Positive by the analysts at the agency. Previously, the analysts had a Mixed rating on the shares. The rating by the firm was issued on July 18, 2016.

Restaurant Brands International (NYSE:QSR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $48.02 and $47.79 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $49.12. The buying momentum continued till the end and the stock did not give up its gains. It closed at $48.53, notching a gain of 2.13% for the day. The total traded volume was 1,993,609 . The stock had closed at $47.52 on the previous day.

Restaurant Brands International Inc is the parent company for Tim Hortons Inc. and Burger King Worldwide, Inc. The Company operates more than 18,000 restaurants operating in 100 countries under its two distinct brands. Tim Hortons operates restaurant chains in North America and Canada. Operating in the quick service segment of the restaurant industry, Tim Hortons menu includes premium coffee, hot and cold specialty drinks (including lattes, cappuccinos and espresso shots), specialty teas and fruit smoothies, fresh baked goods, grilled Panini and classic sandwiches, wraps, soups, prepared foods and other food products. As of September 28, 2014, Tim Hortons had 4,590 system wide restaurants, including 3,665 in Canada, 869 in the United States and 56 in the Gulf Cooperation Council. BURGER KING is a fast food hamburger chain. The BURGER KING system operates in approximately 14,000 locations serving more than 11 million guests daily in 100 countries and territories globally.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *