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RBC Capital Remains a Buy on Restaurant Brands International (QSR)


RBC Capital analyst David Palmer reiterated a Buy rating on Restaurant Brands International (NYSE: QSR) on September 27 and set a price target of $70. The company’s shares closed on Friday at $59.28.

According to TipRanks.com, Palmer is a 5-star analyst with an average return of 9.6% and a 69.0% success rate. Palmer covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Hostess Brands Inc, and Campbell Soup.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Restaurant Brands International with a $71.25 average price target, which is a 20.2% upside from current levels. In a report issued on September 20, Robert W. Baird also initiated coverage with a Buy rating on the stock.

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The company has a one-year high of $68.89 and a one-year low of $53.09. Currently, Restaurant Brands International has an average volume of 1.46M.

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Restaurant Brands International, Inc. is a holding company, which engages in the operation of quick service restaurants. It operates through the following segments: Tim Hortons, Burger King, and Popeyes. The Tim Hortons segment provides donut, coffee, and tea restaurant services. The Burger King segment manages fast food hamburger restaurant.