Starbucks Corporation with ticker code (SBUX) now have 27 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 111 and 75 calculating the mean target price we have 95.48. With the stocks previous close at 92.58 this indicates there is a potential upside of 3.1%. The 50 day moving average now sits at 88.34 and the 200 day MA is 89.16. The market capitalisation for the company is $110,565m. Visit the company website at: http://www.starbucks.com
Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in three segments: Americas; International; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, and iced tea; and various food products, such as pastries, breakfast sandwiches, and lunch items. The company also licenses its trademarks through licensed stores, and grocery and foodservice accounts. It offers its products under the Starbucks, Teavana, Seattle’s Best Coffee, Evolution Fresh, Ethos, Starbucks Reserve, and Princi brand names. As of October 30, 2019, the company operated approximately 31,000 stores. Starbucks Corporation was founded in 1971 and is based in Seattle, Washington.