According to an update released by analysts at RBC Capital Markets the broker has now set a ‘Outperform’ rating on shares of Starbucks Corporation (NASDAQ:SBUX) with a price target of 64.
RBC Capital Markets on Wednesday reiterated Starbucks Corporation’s analyst rating as ‘Outperform’ with its price target of 64 highlighting a potential increase of 19.58% from Starbucks Corporation’s current price of 53.52.
Over the last twelve months Starbucks Corporation’s stock price has decreased from 60.15 to 53.52, a change of -11.02%.
Starbucks Corporation has 1,466,599,000 shares in issue which have a share price of 53.52 giving Starbucks Corporation a market capitalisation of 78.49B USD.
The company has a 50 day moving average of 54.13 and a 200 day moving average of 56.08. The 52 week high shares of Starbucks Corporation have reached is 64 whilst the 52 week low for the company’s shares is 52.59.
Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development. The Company’s Americas, CAP, and EMEA segments include both company-operated and licensed stores. Its Channel Development segment includes roasted whole bean and ground coffees, Tazo teas, Starbucks- and Tazo-branded single-serve products, a range of ready-to-drink beverages, such as Frappuccino, Starbucks Doubleshot and Starbucks Refreshers beverages and other branded products sold across the world through channels, such as grocery stores, warehouse clubs, specialty retailers, convenience stores and the United States foodservice accounts.