Pizza Pizza Royalty Corp (TSE:PZA) had its price target lowered by TD Securities from C$19.00 to C$18.50 in a research report issued on Wednesday. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 13.50% from the stock’s current price.
Pizza Pizza Royalty Corp (TSE:PZA) traded down 2.33% during mid-day trading on Wednesday, hitting $15.92. The stock had a trading volume of 70,053 shares. The stock has a 50-day moving average price of $16.99 and a 200 day moving average price of $17.36. The firm has a market cap of $496.91 million and a P/E ratio of 18.36. Pizza Pizza Royalty Corp has a 12-month low of $14.81 and a 12-month high of $18.24.
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Pizza Pizza Royalty Corp Company Profile
Pizza Pizza Royalty Corp. owns the trademarks and trade names used by Pizza Pizza Limited (PPL) in its Pizza Pizza and Pizza 73 restaurants. PPL operates its Pizza Pizza Restaurants as franchise oriented restaurants and Pizza 73 Restaurants are owned, and operated as independent businesses. It operates through receipt of royalty income from the ownership of the Pizza Pizza and Pizza 73 Rights and Marks segment.
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