Starbucks Corporation with ticker code (SBUX) now have 25 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 96 and 64 with the average target price sitting at 80.72. Now with the previous closing price of 85.51 this now indicates there is a potential downside of -5.6%. The 50 day moving average now sits at 80.88 and the 200 day moving average is 73.16. The company has a market capitalisation of $106,331m. 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 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.