Restaurant Group PLC (RTN) Rating Reiterated by N+1 Singer
Restaurant Group PLC (LON:RTN)‘s stock had its “buy” rating restated by investment analysts at N+1 Singer in a report issued on Wednesday.
Other equities research analysts have also issued research reports about the stock. Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 490 ($6.40) price target on shares of Restaurant Group PLC in a research report on Friday, August 26th. Canaccord Genuity raised shares of Restaurant Group PLC to a “buy” rating and upped their price target for the company from GBX 276 ($3.60) to GBX 550 ($7.18) in a research report on Friday, August 12th. Shore Capital reaffirmed a “buy” rating on shares of Restaurant Group PLC in a research report on Wednesday, July 27th. Barclays PLC reaffirmed an “equal weight” rating and set a GBX 321 ($4.19) price target on shares of Restaurant Group PLC in a research report on Tuesday, August 30th. Finally, Peel Hunt reissued a “hold” rating and issued a GBX 270 ($3.52) target price on shares of Restaurant Group PLC in a report on Wednesday, June 15th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 461.07 ($6.02).
Shares of Restaurant Group PLC (LON:RTN) opened at 387.20 on Wednesday. The company’s market capitalization is GBX 774.79 million. Restaurant Group PLC has a 12 month low of GBX 229.85 and a 12 month high of GBX 728.00. The firm’s 50-day moving average is GBX 394.90 and its 200 day moving average is GBX 351.70.
The company also recently announced a dividend, which will be paid on Thursday, October 13th. Stockholders of record on Thursday, September 15th will be given a dividend of GBX 6.80 ($0.09) per share. The ex-dividend date is Thursday, September 15th. This represents a dividend yield of 1.61%.
In related news, insider Hewitt,Debbie Howard purchased 17,325 shares of the stock in a transaction that occurred on Friday, August 26th. The stock was bought at an average cost of GBX 433 ($5.65) per share, for a total transaction 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 stock was bought at an average price of GBX 410 ($5.35) per share, with a total value 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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