Wendys Company (The) (WEN) Receives Price Target

Wendys Company (The) (WEN) : 8 Wall Street analysts covering Wendys Company (The) (WEN) believe that the average level the stock could reach for the short term is $11.19. The maximum price target given is $13 and the minimum target for short term is around $9, hence the standard deviation is calculated at $1.41.

Wendys Company (The) (WEN) : 4 brokerage houses believe that Wendys Company (The) (WEN) is a Strong Buy at current levels. 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Wendys Company (The) (WEN). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 13 Wall Street Analysts endorse the stock as a Hold with a rating of 2.54.

Wendys

Also, In a research note released to the investors, Goldman Sachs maintains its rating on Wendys Company (The) (NASDAQ:WEN).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Goldman Sachs lowers the new price target from $12.5 per share to $11 per share. The rating by the firm was issued on August 11, 2016.

Wendys Company (The) (NASDAQ:WEN): The stock opened at $10.16 on Thursday but the bulls could not build on the opening and the stock topped out at $10.22 for the day. The stock traded down to $10.05 during the day, due to lack of any buying support eventually closed down at $10.06 with a loss of -1.28% for the day. The stock had closed at $10.19 on the previous day. The total traded volume was 2,079,093 shares.

The Wendys Company is the parent company of its wholly owned subsidiary holding company Wendys Restaurants, LLC (Wendys Restaurants). Wendys Restaurants is the parent company of Wendys International, LLC (Wendys), which is the owner and franchisor of the Wendys restaurant system in the United States. Wendys is the quick-service restaurant company in the hamburger sandwich segment. Wendys is primarily engaged in the business of operating, developing and franchising a system of distinctive quick-service restaurants serving food. Wendys Restaurants is the parent company of Wendys International, LLC (Wendys), which is the owner and franchisor of the Wendys restaurant system in the United States.

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