Restaurant Brands International Inc (TSE:QSR) (NYSE:QSR) had its target price raised by equities researchers at Royal Bank of Canada to C$97.00 in a research note issued on Monday, October 23rd, StockTargetPrices.com reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective points to a potential upside of 17.48% from the company’s current price.
Separately, CSFB upgraded Restaurant Brands International from a “neutral” rating to an “outperform” rating in a report on Thursday, September 7th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of C$81.25.
Shares of Restaurant Brands International (TSE:QSR) traded up C$0.25 during trading on Monday, hitting C$82.57. The stock had a trading volume of 322,313 shares, compared to its average volume of 388,815. Restaurant Brands International has a 12 month low of C$57.46 and a 12 month high of C$88.36.
In other news, insider José E. Cil sold 23,732 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of C$64.00, for a total value of C$1,518,848.00. Also, insider José E. Cil sold 11,020 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of C$66.00, for a total value of C$727,320.00. Insiders have sold a total of 244,172 shares of company stock valued at $15,698,001 in the last three months.
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.
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