TD Has Lowered Expectations for Pizza Pizza Royalty (TSE:PZA) Stock Price

Pizza Pizza Royalty (TSE:PZA) had its price target cut by equities research analysts at TD from C$12.00 to C$11.00 in a research note issued on Tuesday, BayStreet reports. The brokerage currently has a “hold” rating on the stock. TD‘s price objective indicates a potential downside of 0.54% from the company’s previous close.

Separately, TD Securities upgraded shares of Pizza Pizza Royalty to a “hold” rating in a research note on Friday, July 24th. Two investment analysts have rated the stock with a Hold rating. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$13.50.

Pizza Pizza Royalty Stock Up 5.2%

Pizza Pizza Royalty stock traded up C$0.55 on Tuesday, hitting C$11.06. 118,142 shares of the stock traded hands, compared to its average volume of 76,826. The company has a current ratio of 1.66, a quick ratio of 3.02 and a debt-to-equity ratio of 15.27. The firm has a market cap of C$373.88 million, a P/E ratio of 12.15 and a beta of 0.64. The business’s fifty day simple moving average is C$10.94 and its 200 day simple moving average is C$13.58. Pizza Pizza Royalty has a 1 year low of C$10.10 and a 1 year high of C$16.73.

Pizza Pizza Royalty Company Profile

Pizza Pizza Royalty Corp., through its subsidiary, Pizza Pizza Royalty Limited Partnership, owns and franchises quick-service restaurants under the Pizza Pizza and Pizza73 brands. It offers a flavorful, varied and high-quality menu to pizza-lovers of all ages and tastes and it is composed of more than 600 traditional and non-traditional restaurants coast to coast, employing over 3,000 Canadians. The business activity of the group primarily functions through Canada.