In a report issued on July 26, Jeff Bernstein from Barclays maintained a Buy rating on McDonald’s Corp (MCD), with a price target of $230. The company’s shares closed on Friday at $215.58, close to its 52-week high of $218.96.
According to TipRanks.com, Bernstein is a 5-star analyst with an average return of 9.3% and a 71.6% success rate. Bernstein covers the Services sector, focusing on stocks such as Restaurant Brands International, Dine Brands Global Inc, and Jack In The Box Inc.
McDonald’s Corp has an analyst consensus of Strong Buy, with a price target consensus of $220.82, which is a 2.4% upside from current levels. In a report issued on July 15, Telsey Advisory also reiterated a Buy rating on the stock with a $230 price target.
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The company has a one-year high of $218.96 and a one-year low of $153.13. Currently, McDonald’s Corp has an average volume of 2.84M.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2019, Ian Frederick Borden, the President – Intl Dev Lic Mrkts of MCD sold 4,149 shares for a total of $826,564.
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