Tim Hortons Receives Sector Outperform Rating from Scotiabank (THI)

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Tim Hortons (TSE:THI)‘s stock had its “sector outperform” rating reiterated by stock analysts at Scotiabank in a report issued on Wednesday, StockRatingsNetwork reports.

Shares of Tim Hortons (TSE:THI) traded up 0.02% during mid-day trading on Wednesday, hitting $60.01. The stock had a trading volume of 457,506 shares. Tim Hortons has a 52 week low of $49.50 and a 52 week high of $64.18. The stock has a 50-day moving average of $58.71 and a 200-day moving average of $60.23. The company has a market cap of $8.464 billion and a P/E ratio of 21.20.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, March 18th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Thursday, February 27th.

A number of other analysts have also recently weighed in on THI. Analysts at TD Securities cut their price target on shares of Tim Hortons from C$65.00 to C$63.00 in a research note on Friday, February 21st. They now have a “hold” rating on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of Tim Hortons from C$61.00 to C$59.00 in a research note on Friday, February 21st. They now have a “hold” rating on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Tim Hortons from C$67.00 to C$61.00 in a research note on Wednesday, February 5th. They now have a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Tim Hortons presently has an average rating of “Hold” and a consensus price target of C$59.00.

Tim Hortons Inc, is a quick service restaurant in North America. The Company’s menu includes premium coffee, espresso-based hot and cold specialty drinks, including lattes, cappuccinos and espresso shots, specialty teas, fruit smoothies, home-style soups, grilled Panini and classic sandwiches, wraps, hot breakfast sandwiches and fresh baked goods, including donuts.

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