Starbucks Corporation with ticker code (SBUX) have now 28 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 111 and 76 and has a mean target at 94.29. Given that the stocks previous close was at 98.02 this now indicates there is a potential downside of -3.8%. There is a 50 day moving average of 87.6 and the 200 moving average now moves to 76.79. The market cap for the company is $117,062m. Company Website: 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 four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, iced tea, and food and snacks; 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, Tazo, Seattle’s Best Coffee, Evolution Fresh, La Boulange, Ethos, Frappuccino, Starbucks Reserve, Princi, Starbucks Doubleshot, Starbucks Refreshers, and Starbucks VIA brand names. As of April 25, 2019, the company operated approximately 30,000 stores. Starbucks Corporation was founded in 1971 and is based in Seattle, Washington.