Restaurant Brands International (QSR) Price Target Cut to C$69.00 by Analysts at Cowen

Restaurant Brands International (TSE:QSR) (NYSE:QSR) had its target price lowered by investment analysts at Cowen from C$72.00 to C$69.00 in a report released on Tuesday. Cowen’s price target would indicate a potential downside of 5.47% from the company’s previous close.

Other analysts also recently issued reports about the stock. Evercore reissued an “outperform” rating on shares of Restaurant Brands International in a research note on Tuesday, December 12th. Evercore ISI reissued an “outperform” rating on shares of Restaurant Brands International in a research note on Tuesday, December 12th. Royal Bank of Canada boosted their price target on shares of Restaurant Brands International to C$97.00 and gave the stock an “outperform” rating in a research note on Monday, October 23rd. Finally, BMO Capital Markets set a C$72.00 price target on shares of Restaurant Brands International and gave the stock an “outperform” rating in a research note on Thursday, February 1st. One investment analyst has rated the stock with a hold rating and six have given 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 (QSR) traded down C$2.49 during trading hours on Tuesday, reaching C$72.99. 521,018 shares of the company’s stock traded hands, compared to its average volume of 612,508. Restaurant Brands International has a 1 year low of C$69.33 and a 1 year high of C$88.36. The company has a market cap of $33,820.00, a P/E ratio of 79.13 and a beta of 1.14.

In other Restaurant Brands International news, insider José E. Cil sold 20,449 shares of the business’s stock in a transaction dated 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.

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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)

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