The stocks of MCD have found their price target increased by stock analysts working at Wedbush from a sum of $240 to $255 in a Friday research report. According to the report, the brokerage firm currently has a rating of outperform on the stock of this fast-food giant. The price target is indicative of an annual increase of 10.26% on the previous close of the company.
The Stock Commentary Of MCD
There have been quite a few research equities that have commented and have provided their analysis on the stocks of the company. Piper Sandler has already increased the price target of the company from $209 to $225 with a rating of neutral in a Monday research note. Jefferies Financial Group has also put up a rating of buy with a price target of $265 in a Monday research report. Robert W. Baird has also reiterated the rating of buy in a 21st February research report. In the end, Credit Suisse Group has also increased the price target of the company from $230 to $238 in a 29th January research report.
Eight of the investment analysts working on the firm have already given it a rating of hold, while twenty-three others have provided the company with a rating of buy. Currently, MCD has a buy rating with a $237.30 price target.
The stocks of MCD traded on Friday at a value of $231.28. The year low of the company is $167.85, with a year high set at $232.81. The market cap of the firm is $172.56 billion, with a 35.31 PE ratio, along with a PEG ratio of 3.17. The moving average price of the company over 50 days is $219.76, with a moving average price over 200 days set at $216.58.
