A report released today by RBC Capital about Yum! Brands (NYSE:YUM) raises the target price to $97.00
- Updated: September 22, 2016
Having a price of $90.47, Yum! Brands (NYSE:YUM) traded 0.94% higher on the day. The last stock price close is up 7.27% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. Yum! Brands has recorded a 50-day average of $89.43 and a two hundred day average of $84.34. Trading volume was down over the average, with 1,768,429 shares of YUM changing hands under the typical 3,022,370
In a statement issued on Friday September 23, 2016 RBC Capital upped the target of Yum! Brands (NYSE:YUM) to $97.00 indicating a possible upside of 0.07%.
Yum! Brands has P/E ratio of 27.27 with a 52 week low of $64.58 and a 52 week high of $91.99 and has a market cap of $0.
In addition to RBC Capital reporting its target price, a total of 20 firms have issued a research note on the company. The 12-month price target is $88.60 with four brokerages rating the company a strong buy, five equity analysts rating the company a buy, fifteen firms rating the stock a hold, 2 brokerages rating the stock a underperform, and finally 0 analysts rating the company a sell.
About Yum! Brands (NYSE:YUM)
YUM! Brands, Inc. (YUM) is engaged in restaurant business. The Company develops, operates, franchises and licenses an across the world system of restaurants, which prepare, package and sell a menu of food items, primarily through the three concepts of KFC, Pizza Hut and Taco Bell (the Concepts). YUM operates through four segments: YUM China (China Division), which includes all operations in mainland China; The KFC Division, which includes all operations of the KFC concept outside of China Division; The Pizza Hut Division, which includes all operations of the Pizza Hut concept outside of China Division, and the Taco Bell Division, which includes all operations of the Taco Bell concept. Taco Bell operates in over 20 countries and territories throughout the world. The Company has over 42,000 restaurants in over 130 countries and territories. The Company's three Concepts focus on the chicken, pizza and Mexican-style food categories, respectively.
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