A report released today by Vetr Inc. about Wendys Co (NASDAQ:WEN) raises the target price to $11.00
- Updated: September 15, 2016
Only yesterday Wendys Co (NASDAQ:WEN) traded 4.24% higher at $10.81. The company’s 50-day moving average is $10.05 and its 200-day moving average is $10.21. The last stock price is up 5.87% relative to the 200-day average, compared to the S&P 500 Index which has decreased -0.01% over the same time period. 5,695,751 shares of WEN exchanged hands, up from ann average trading volume of 4,006,970.
Vetr Inc. raised the target stock price of Wendys Co (NASDAQ:WEN) to $11, stating a possible upside of 0.02%,
On 8/15/2016, Vetr Inc. released a statement for Wendys Co(NASDAQ:WEN) upped the target price from $0.00 to $11.21 that indicated a possible upside of 0.13%.
Recent Performance Chart:
In addition to Vetr Inc. reporting it’s target price, a total of 17 brokerages have issued a ratings update on the company. The consensus target price is $11.65 with four analysts rating the stock a strong buy, eight firms rating the stock a buy, 10 analysts rating the stock a hold, one analyst rating the stock to underperform, and finally 0 brokerages rating the stock as sell.
Wendys Co has a P/E of 21 with a one-year low of $8.43 and a one-year high of $11.38 and has a market cap of $0.0.
General Company Details For Wendys Co (NASDAQ:WEN)
The Wendy’s Company is the parent company of its subsidiary holding company Wendy’s Restaurants, LLC (Wendy’s Restaurants). Wendy’s Restaurants is the parent company of Wendy’s International, LLC (Wendy’s), which is the owner and franchisor of the Wendy’s restaurant system in the United States. Wendy’s is the restaurant company specializing in the hamburger sandwich segment. Wendy’s is engaged in the business of operating, developing and franchising a system of restaurants serving food. The Company operates approximately 6, 080 Wendy’s restaurants in North America. Of these restaurants, over 630 are operated by Wendy’s and over 5, 440 by approximately 390 franchisees. It also operates approximately 400 franchised Wendy’s restaurants in over 30 countries and territories other than North America. Wendy’s is also a partner in a Canadian restaurant real estate joint venture with a subsidiary of Restaurant Brands International Inc., and a restaurant company that owns the Tim Hortons brand.
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