What’s Propelling Imvescor Restaurant Group Inc to Increase So Much?

 What's Propelling Imvescor Restaurant Group Inc to Increase So Much?

The stock of Imvescor Restaurant Group Inc (TSE:IRG) is a huge mover today! About 47,832 shares traded hands. Imvescor Restaurant Group Inc (TSE:IRG) has risen 18.66% since April 15, 2016 and is uptrending. It has outperformed by 14.80% the S&P500.
The move comes after 6 months positive chart setup for the $186.99 million company. It was reported on Nov, 21 by Barchart.com. We have $9.25 PT which if reached, will make TSE:IRG worth $340.32 million more.

More recent Imvescor Restaurant Group Inc (TSE:IRG) news were published by: Seekingalpha.com which released: “Imvescor: Shareholders Pushing For A Sale” on September 07, 2016. Also Seekingalpha.com published the news titled: “Imvescor: Asset-Lite Diversified Franchisor With 50% Upside” on December 29, 2015. Marketwired.com‘s news article titled: “ADW Capital Partners, L.P. and Camac Partners, LLC Seek Sale of Imvescor …” with publication date: August 22, 2016 was also an interesting one.

Imvescor Restaurant Group Inc. is a franchise and licensing company. The company has a market cap of $186.99 million. The Company’s operating divisions are Franchising, Manufacturing and Corporate. It has a 15.69 P/E ratio. The Franchising segment comprises franchising royalties, supplier contributions and franchise fees from the Company’s franchised restaurant brands, as well as retail royalties from the sales of branded products to retailers.

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