Pizza Pizza Royalty (TSE:PZA) Given New C$10.50 Price Target at TD Securities

Pizza Pizza Royalty (TSE:PZA) had its target price lowered by equities research analysts at TD Securities from C$11.00 to C$10.50 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ price target would suggest a potential upside of 13.27% from the company’s current price.

PZA traded up C$0.05 on Friday, reaching C$9.27. The company had a trading volume of 76,232 shares, compared to its average volume of 59,408. The company has a fifty day moving average of C$9.77 and a 200-day moving average of C$9.94. The company has a market capitalization of $228.46 million and a P/E ratio of 10.94. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 16.34. Pizza Pizza Royalty has a one year low of C$8.32 and a one year high of C$10.65.

Pizza Pizza Royalty (TSE:PZA) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C$0.21 earnings per share for the quarter. The business had revenue of C$134.25 million for the quarter. Research analysts predict that Pizza Pizza Royalty will post 0.69 EPS for the current year.

About Pizza Pizza Royalty

Pizza Pizza Royalty Corp., through its subsidiary, Pizza Pizza Royalty Limited Partnership, owns and franchises quick service restaurants under the Pizza Pizza and Pizza 73 brands in Canada. As of January 1, 2019, the company had 772 restaurants in the royalty pool. Pizza Pizza Royalty Corp. was founded in 1967 and is headquartered in Toronto, Canada.

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