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CLSA issued a report on Starbucks Corporation (NASDAQ:SBUX), dropping its stock price target to $68.00 today

Starbucks Corporation (NASDAQ:SBUX) had its target price lowered to $68.00 by CLSA in a report released 9/28/2016. The new target price indicates a possible upside of 0.25% based on the company's last stock close price.

Yesterday Starbucks Corporation (NASDAQ:SBUX) traded 1.29% higher at $54.19. The company’s 50-day moving average is $55.13 and its 200-day moving average is $56.64. The last stock close price is down -4.42% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 13,767,754 shares of the stock traded hands, up from an average trading volume of 8,995,920

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Starbucks Corporation (NASDAQ:SBUX)

Starbucks Corporation has a 52 week low of $52.63 and a 52 week high of $64.00 with a P/E ratio of 30.42 The company’s market cap is currently $0.

In addition to CLSA reporting its stock price target, a total of 23 brokers have issued a report on the company. The average stock price target is $68.13 with 13 equity analysts rating the company a strong buy, eleven equity analysts rating the company a buy, five equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.

Brief Synopsis About Starbucks Corporation (NASDAQ:SBUX)

Starbucks Corporation is the roaster, marketer and retailer of specialty coffee. The Company purchases and roasts coffees that it sells, along with coffee, tea and other beverages, and a range of fresh food items, through Company-operated stores. It also sells a range of coffee and tea products and licenses its trademarks through other channels, such as licensed stores, grocery and national foodservice accounts. It operates through four segment: Americas, which includes the United States, Canada, and Latin America; Europe, Middle East, and Africa (EMEA); China/Asia Pacific (CAP), and Channel Development. In addition to its Starbucks Coffee brand, it also sells goods and services under the brands, including Teavana, Tazo, Seattle's Best Coffee, Evolution Fresh, La Boulange and Ethos. Its Americas, EMEA, and CAP segments include both Company-operated and licensed stores. The Americas and EMEA segments include certain foodservice accounts, primarily in Canada and the United Kingdom.

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