McDonald's Corporation (NYSE:MCD) target raised to $126.64, issued a report today by Vetr Inc.
- Updated: November 28, 2016
Yesterday McDonald's Corporation (NYSE:MCD) traded 0.96% higher at $121.82. McDonald's Corporation’s 50-day average is $114.91 and its two hundred day average is $118.44. With the last stock price close up 2.86% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the same period. Trading volume was up over the average, with 5,931,717 shares of MCD changing hands over the typical 4,444,940
Reporting a possible upside of 0.04%, Vetr Inc. increased the stock price target of McDonald's Corporation (NYSE:MCD) to $126.64
Previously on 3/7/2016, UBS Securities reported about McDonald's Corporation (NYSE:MCD) bumped up the target price from $125.00 to $131.00 that indicated a possible upside of 0.12%.
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McDonald's Corporation has 52 week low of $110.33 and a 52 week high of $131.96 with a PE ratio of 22.89 and has a total market value of $0.
A total of 22 firms have reported on the stock. 6 brokers rating the stock a strong buy, 9 brokers rating the stock a buy, seventeen analysts rating the company a hold, one brokerage rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $130.77.
Brief Synopsis About McDonald's Corporation (NYSE:MCD)
McDonald's Corporation (McDonald's) operates and franchises McDonald's restaurants. The Company's restaurants serve a locally-relevant menu of quality food and drinks sold at various price points in over 100 countries. The Company's segments include U.S., International Lead Markets, High Growth Markets and Foundational Markets and Corporate. Of the approximately 36,525 restaurants in over 120 countries, approximately 30,080 are franchised and over 6,444 are operated by the Company. McDonald's franchised restaurants are owned and operated under various structures, including conventional franchise, developmental license or affiliate. The Company is primarily a franchisor, with over 80% of McDonald's restaurants owned and operated by independent franchisees. Under a conventional franchise arrangement, the Company owns the land and building or secures a long-term lease for the restaurant location and the franchisee pays for equipment, signs, seating and decor.
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