BMO Capital Markets Lowers Restaurant Brands International (QSR) Price Target to C$70.00

Restaurant Brands International (TSE:QSR) (NYSE:QSR) had its target price reduced by equities researchers at BMO Capital Markets from C$72.00 to C$70.00 in a report released on Tuesday. BMO Capital Markets’ price objective would suggest a potential downside of 4.10% from the stock’s current price.

QSR has been the subject of a number of other reports. Evercore ISI reaffirmed an “outperform” rating on shares of Restaurant Brands International in a report on Tuesday, December 12th. Evercore reaffirmed an “outperform” rating on shares of Restaurant Brands International in a report on Tuesday, December 12th. Finally, Royal Bank of Canada upped their target price on shares of Restaurant Brands International to C$97.00 and gave the company an “outperform” rating in a report on Monday, October 23rd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of C$80.20.

Shares of Restaurant Brands International (TSE:QSR) traded down C$2.49 during trading on Tuesday, reaching C$72.99. 521,018 shares of the company were exchanged, compared to its average volume of 612,508. The company has a market capitalization of $33,820.00, a P/E ratio of 79.13 and a beta of 1.14. Restaurant Brands International has a 12 month low of C$69.33 and a 12 month high of C$88.36.

In other news, insider José E. Cil sold 20,449 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of C$65.00, for a total value of C$1,329,185.00.

TRADEMARK VIOLATION NOTICE: This story was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another site, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark laws. The original version of this story can be read at https://www.americanbankingnews.com/2018/02/13/bmo-capital-markets-lowers-restaurant-brands-international-qsr-price-target-to-c70-00.html.

About Restaurant Brands International

Restaurant Brands International Inc is a quick service restaurant (QSR) company. The Company had over 20,000 restaurants in more than 100 countries and the United States territories, as of December 31, 2016. It operates through two segments: Tim Hortons (TH) and Burger King (BK). Tim Hortons restaurants are quick service restaurants with a menu that includes blend coffee, tea, espresso-based hot and cold specialty drinks, baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.

Analyst Recommendations for Restaurant Brands International (TSE:QSR)

Receive News & Ratings for Restaurant Brands International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restaurant Brands International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply