The stock of Restaurant Brands International Inc (TSE:QSR) hit a new 52-week high and has $68.82 target or 7.00% above today’s $64.32 share price. The 8 months bullish chart indicates low risk for the $15.46 billion company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $68.82 price target is reached, the company will be worth $1.08B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 16,196 shares traded hands. Restaurant Brands International Inc (TSE:QSR) has risen 22.36% since April 21, 2016 and is uptrending. It has outperformed by 17.03% the S&P500.
Restaurant Brands International Inc (TSE:QSR) Ratings Coverage
Out of 2 analysts covering Restaurant Brands International Inc (TSE:QSR), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $72 is the highest target while $52 is the lowest. The $62 average target is -3.61% below today’s ($64.32) stock price. Restaurant Brands International Inc has been the topic of 2 analyst reports since October 14, 2016 according to StockzIntelligence Inc. The rating was maintained by BMO Capital Markets on Friday, October 14 with “Outperform”.
More recent Restaurant Brands International Inc (TSE:QSR) news were published by: Forbes.com which released: “Restaurant Brands International Reaches Analyst Target Price” on November 23, 2016. Also Forbes.com published the news titled: “Ex-Dividend Reminder: Restaurant Brands International, Nike and Metaldyne …” on August 30, 2016. Reuters.com‘s news article titled: “BRIEF-Restaurant Brands International Inc reports third quarter 2016 resul…” with publication date: October 24, 2016 was also an interesting one.
Restaurant Brands International Inc
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