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

Restaurant Brands International (TSE:QSR) (NYSE:QSR) had its price target lowered by analysts at BMO Capital Markets from C$72.00 to C$70.00 in a research note issued on Tuesday. BMO Capital Markets’ target price suggests a potential downside of 3.85% from the company’s previous close.

Several other brokerages have also recently issued reports on QSR. Royal Bank of Canada lifted their target price 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. Evercore ISI reaffirmed an “outperform” rating on shares of Restaurant Brands International in a research note on Tuesday, December 12th. Finally, Evercore reaffirmed an “outperform” rating on shares of Restaurant Brands International in a research note on Tuesday, December 12th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of C$80.20.

Shares of Restaurant Brands International (TSE QSR) traded down C$2.68 on Tuesday, reaching C$72.80. 489,778 shares of the company’s stock traded hands, compared to its average volume of 612,079. Restaurant Brands International has a 52 week low of C$69.33 and a 52 week high of C$88.36. The firm has a market cap of $33,820.00, a PE ratio of 78.99 and a beta of 1.14.

In other 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 transaction 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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