Tim Hortons (TSE:THI) had its price target upped by Scotiabank from C$69.00 to C$71.00 in a research note issued to investors on Monday, StockRatingsNetwork.com reports. The firm currently has an outperform rating on the stock.
Scotiabank has also updated their ratings on a number of other stocks in the last week. The firm raised its price target on shares of Sierra Wireless from $13.80 to $16.90. Also, Scotiabank raised its price target on shares of Randgold Resources Ltd. from $81.50 to $90.00. Finally, Scotiabank reiterated its sector outperform rating on shares of Canadian Natrl Res. They have a $42.00 price target on that stock.
Shares of Tim Hortons (TSE:THI) traded up 0.60% on Monday, hitting $62.23. The stock had a trading volume of 465,377 shares. Tim Hortons has a one year low of $45.11 and a one year high of $64.18. The stock has a 50-day moving average of $61.18 and a 200-day moving average of $58.50. The company has a market cap of $9.280 billion and a P/E ratio of 22.25.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, December 10th. Investors of record on Monday, November 25th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.67%.
A number of other firms have also recently commented on THI. Analysts at Canaccord Genuity downgraded shares of Tim Hortons from a buy rating to a hold rating in a research note to investors on Friday. Separately, analysts at TD Securities raised their price target on shares of Tim Hortons from C$63.00 to C$65.00 in a research note to investors on Friday. They now have a hold rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Tim Hortons from C$55.00 to C$65.00 in a research note to investors on Thursday, October 31st. They now have a market perform rating on the stock. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Tim Hortons has a consensus rating of Hold and an average price target of C$60.75.
Tim Hortons Inc, is a quick service restaurant in North America. The Company’s menu includes premium coffee, espresso-based hot and cold specialty drinks, including lattes, cappuccinos and espresso shots, specialty teas, fruit smoothies, home-style soups, grilled Panini and classic sandwiches, wraps, hot breakfast sandwiches and fresh baked goods, including donuts.
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