Tim Hortons (NYSE: THI) had its price target decreased by Canaccord Genuity from $51.00 to $50.00 in a research report sent to investors on Friday morning. The firm currently has a hold rating on the stock.
Shares of Tim Hortons opened at 48.18 on Friday. Tim Hortons has a 52 week low of $45.41 and a 52 week high of $58.47. The stock’s 50-day moving average is currently $49.69. The company has a market cap of $7.391 billion and a P/E ratio of 18.25.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, March 19th. Investors of record on Monday, March 4th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Thursday, February 28th.
Several other analysts have also recently commented on the stock. Analysts at Desjardins cut their price target on shares of Tim Hortons from $55.00 to $53.00 in a research note to investors on Friday. Separately, analysts at Scotiabank cut their price target on shares of Tim Hortons from $57.00 to $56.00 in a research note to investors on Friday. They now have an outperform rating on the stock. Finally, analysts at Raymond James cut their price target on shares of Tim Hortons from $52.00 to $50.00 in a research note to investors on Friday. They now have a market perform rating on the stock.
Five research analysts have rated the stock with a buy rating, one has issued an overweight rating, thirteen have issued a hold rating, and two have given a sell rating to the stock. The stock currently has an average rating of hold and a consensus target price of $51.70.
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