Tim Hortons Price Target Cut to C$63.00 by Analysts at TD Securities (THI)
Investment analysts at TD Securities decreased their price target on shares of Tim Hortons (TSE:THI) from C$65.00 to C$63.00 in a note issued to investors on Friday, AR Network reports. The firm currently has a “hold” rating on the stock. TD Securities’ price objective points to a potential upside of 6.82% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Scotiabank cut their price target on shares of Tim Hortons from C$71.00 to C$69.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of Tim Hortons from C$61.00 to C$59.00 in a research note on Friday. They now have a “hold” rating on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Tim Hortons from C$67.00 to C$61.00 in a research note on Wednesday, February 5th. They now have a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of C$60.11.
Shares of Tim Hortons (TSE:THI) traded down 1.00% during mid-day trading on Friday, hitting $58.39. The stock had a trading volume of 252,774 shares. Tim Hortons has a 52-week low of $49.21 and a 52-week high of $64.18. The stock has a 50-day moving average of $59.05 and a 200-day moving average of $60.27. The company has a market cap of $8.589 billion and a price-to-earnings ratio of 21.22.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, March 18th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.17%.
Tim Hortons Inc, is a quick service restaurant in North America. The Company’s menu includes premium coffee, espresso-based hot and cold specialty drinks, including lattes, cappuccinos and espresso shots, specialty teas, fruit smoothies, home-style soups, grilled Panini and classic sandwiches, wraps, hot breakfast sandwiches and fresh baked goods, including donuts.
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