Tim Hortons (TSE:THI) had its price objective hosited by JP Morgan Cazenove from C$58.00 to C$64.00 in a report released on Tuesday, StockRatingsNetwork reports.
JP Morgan Cazenove has also taken action a number of other stocks recently. The firm reiterated its overweight rating on shares of Barclays Capital. Also, JP Morgan Cazenove initiated coverage on shares of Ryanair Holdings plc. They issued an outperform rating on that stock. Finally, JP Morgan Cazenove downgraded shares of Thompson Creek Metals Co from an overweight rating to a market perform rating.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital downgraded shares of Tim Hortons from an overweight rating to an equal weight rating in a research note to investors on Thursday, May 9th. They now have a C$54.00 price target on the stock, up previously from C$53.00. Separately, analysts at Scotiabank raised their price target on shares of Tim Hortons from C$56.00 to C$64.00 in a research note to investors on Thursday, May 9th. They now have an outperform rating on the stock. Finally, analysts at CIBC upgraded shares of Tim Hortons from a sector perform rating to an outperform rating in a research note to investors on Thursday, May 9th.
One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of C$58.17.
Tim Hortons (TSE: THI) traded up 0.71% on Tuesday, hitting $59.32. Tim Hortons has a 52-week low of $45.11 and a 52-week high of $59.58. The stock’s 50-day moving average is currently $56.16. The company has a market cap of $9.083 billion and a price-to-earnings ratio of 22.74.
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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