Several research analysts working at Atlantic Securities have decided to start covering the shares of the stocks of MCD in a Tuesday research note. According to the report, the firm has a rating of neutral with a price target set at $237 for the stock of this fast-food giant. The price target of this company implies an annual growth rate of 2.34% on the previous close of the company.
The Stock Commentary Of MCD
There have been quite a few research equities that have commented on the stocks of MCD. Oppenheimer has already increased the stocks of the company from a rating of “market perform” to a rating of “outperform” with a price target set at $240 in a 7th January research report.
The Goldman Sachs Group has also put up a rating of buy with a price target set at $237 in a 19th January research report. UBS Group has also increased the rating of the company from neutral to buy with a price target set at $240 in a 14th December research report. Stephens has also increased the price target of the company from $225 to $232, with a rating of equal weight in a 7th January research report.
Eight research analysts have given the stocks of MCD a rating of hold, while twenty-two others have given the company a rating of buy. Currently, the company has a buy rating with a price target set at $235.66.
The stocks of MCD opened on Tuesday at $0.62. The moving average price of the company over a period of 50 days is $218.62, while the moving average price of the company over a period of 200 days is $216.39. The market cap of the firm is $172.66 billion, with a 25.21 PE ratio, along with a 3.17 PEG ratio.