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RBC Capital Thinks Restaurant Brands International’s Stock is Going to Recover

RBC Capital analyst Christopher Carril maintained a Buy rating on Restaurant Brands International (QSRResearch Report) today and set a price target of $68.00. The company’s shares closed last Tuesday at $55.16, close to its 52-week low of $53.47.

According to TipRanks.com, Carril is a 4-star analyst with an average return of 9.9% and a 52.7% success rate. Carril covers the Services sector, focusing on stocks such as Life Time Group Holdings, Brinker International, and Jack In The Box.

Restaurant Brands International has an analyst consensus of Moderate Buy, with a price target consensus of $62.26, implying a 6.6% upside from current levels. In a report issued on April 25, Oppenheimer also reiterated a Buy rating on the stock with a $70.00 price target.

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Restaurant Brands International’s market cap is currently $17.1B and has a P/E ratio of 20.35.

Based on the recent corporate insider activity of 162 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of QSR in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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. The Popeyes segment handles chicken category of the quick service segment of the restaurant industry. The company was founded on August 25, 2014 and is headquartered in Toronto, Canada.

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