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Chipotle Mexican Grill Inc. (NYSE:CMG) stock price target reduced to $465.00, issued a research note today by RBC Capital Markets

Yesterday Chipotle Mexican Grill Inc. (NYSE:CMG) traded -0.08% lower at $0.00. The company’s 50-day moving average is $418.15 and its 200-day moving average is $422.73. The last stock close price is down -6.79% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 663,797 shares of the stock were exchanged, down from an average trading volume of 1,061,880

Chipotle Mexican Grill Inc. (NYSE:CMG) had its price target dropped to $465.00 by RBC Capital Markets in an issued report announced 10/18/2016. The bumped down target suggests doubtful upside the company's most recent stock close price.

Previously on 10/17/2016, Vetr Inc. reported about Chipotle Mexican Grill Inc. (NYSE:CMG) raised the target price from $0.00 to $415.83. At the time, this indicated a possible upside of 0.05%.

See Chart Below

Chipotle Mexican Grill Inc. (NYSE:CMG)

Chipotle Mexican Grill Inc. has a 52 week low of $384.77 and a 52 week high of $720.50 with a P/E ratio of 56.77 The company’s market cap is currently $0.

In addition to RBC Capital Markets reporting its target price, a total of 26 firms have reported on the stock. The consensus target price is $466.19 with 5 firms rating the stock a strong buy, 7 firms rating the stock a buy, 18 firms rating the stock a hold, 4 firms rating the stock a underperform, and finally 2 firms rating the stock a sell.

About Chipotle Mexican Grill Inc. (NYSE:CMG)

Chipotle Mexican Grill, Inc., together with its subsidiaries operates Chipotle Mexican Grill restaurants. The Company's Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. The Company operates approximately 1,970 Chipotle restaurants throughout the United States, over 10 in Canada, seven in England, four in France and one in Germany. The Company's restaurants include over 10 ShopHouse Southeast Asian Kitchen restaurants, serving Asian-inspired cuisine. The Company owned and operated approximately three Pizzeria Locale restaurants, a fast casual pizza concept, resulting in a totaling of approximately 2,010 restaurants. The Company sells gift cards which do not have an expiration date.

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