The stock of Restaurant Brands International Inc (TSE:QSR) reached all time high today, Nov, 25 and still has $70.28 target or 8.00% above today’s $65.07 share price. This indicates more upside for the $15.15 billion company. This technical setup was reported by Barchart.com. If the $70.28 PT is reached, the company will be worth $1.21B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 77,108 shares traded hands. Restaurant Brands International Inc (TSE:QSR) has risen 23.02% since April 25, 2016 and is uptrending. It has outperformed by 17.61% 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 -4.72% below today’s ($65.07) stock price. Restaurant Brands International Inc has been the topic of 2 analyst reports since October 14, 2016 according to StockzIntelligence Inc. The stock of Restaurant Brands International Inc (TSE:QSR) earned “Outperform” rating by BMO Capital Markets on Friday, October 14.
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 Reuters.com published the news titled: “BRIEF-Restaurant Brands International Inc reports third quarter 2016 resul…” on October 24, 2016. Forbes.com‘s news article titled: “Ex-Dividend Reminder: Restaurant Brands International, Nike and Metaldyne …” with publication date: August 30, 2016 was also an interesting one.
Restaurant Brands International Inc
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