Restaurant Group PLC (RTN) Given New GBX 350 Price Target at Berenberg Bank
Restaurant Group PLC (LON:RTN) had its price objective lifted by Berenberg Bank from GBX 300 ($3.92) to GBX 350 ($4.57) in a research note issued to investors on Wednesday. They currently have a hold rating on the stock.
Other analysts also recently issued reports about the stock. Panmure Gordon reiterated a hold rating and issued a GBX 335 ($4.37) price target on shares of Restaurant Group PLC in a report on Friday, August 12th. Peel Hunt boosted their target price on shares of Restaurant Group PLC from GBX 270 ($3.52) to GBX 380 ($4.96) and gave the stock a hold rating in a report on Friday, August 12th. Barclays PLC reduced their target price on shares of Restaurant Group PLC from GBX 475 ($6.20) to GBX 321 ($4.19) and set an equal weight rating on the stock in a report on Monday, June 20th. N+1 Singer upgraded shares of Restaurant Group PLC to a buy rating and boosted their target price for the stock from GBX 280 ($3.65) to GBX 480 ($6.27) in a report on Monday. Finally, Numis Securities Ltd restated a buy rating and issued a GBX 490 ($6.40) target price on shares of Restaurant Group PLC in a report on Friday, August 26th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. Restaurant Group PLC currently has an average rating of Hold and an average target price of GBX 461.07 ($6.02).
Shares of Restaurant Group PLC (LON:RTN) opened at 374.30 on Wednesday. The company’s market capitalization is GBX 748.97 million. The company has a 50-day moving average price of GBX 395.62 and a 200-day moving average price of GBX 352.47. Restaurant Group PLC has a 12 month low of GBX 229.85 and a 12 month high of GBX 728.00.
The firm also recently disclosed a dividend, which will be paid on Thursday, October 13th. Stockholders of record on Thursday, September 15th will be paid a GBX 6.80 ($0.09) dividend. The ex-dividend date is Thursday, September 15th. This represents a dividend yield of 1.61%.
In other news, insider Hewitt,Debbie Howard purchased 17,325 shares of the stock in a transaction that occurred on Friday, August 26th. The shares were purchased at an average cost of GBX 433 ($5.65) per share, with a total value of £75,017.25 ($97,920.96). Also, insider Tye,Michael purchased 7,284 shares of the stock in a transaction that occurred on Tuesday, August 30th. The shares were purchased at an average cost of GBX 410 ($5.35) per share, for a total transaction of £29,864.40 ($38,982.38).
About Restaurant Group PLC
The Restaurant Group plc is a United Kingdom-based Company, which operates over 470 restaurants and pub restaurants. The Company’s portfolio covers a range of categories, including table service, counter service, sandwich shops, pubs and bars. The Company’s principal trading brands include Frankie & Benny’s, Chiquito and Coast to Coast.
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