Revolution Bars Group PLC (RBG) Given Buy Rating at Numis Securities Ltd
Numis Securities Ltd restated their buy rating on shares of Revolution Bars Group PLC (LON:RBG) in a report issued on Tuesday morning. They currently have a GBX 265 ($3.46) price objective on the stock.
Separately, FinnCap started coverage on shares of Revolution Bars Group PLC in a research report on Tuesday, June 7th. They issued a buy rating and a GBX 232 ($3.03) price objective on the stock.
Shares of Revolution Bars Group PLC (LON:RBG) traded up 1.75% on Tuesday, hitting GBX 156.70. 60,337 shares of the stock were exchanged. Revolution Bars Group PLC has a one year low of GBX 145.00 and a one year high of GBX 197.00. The firm’s 50 day moving average price is GBX 157.44 and its 200 day moving average price is GBX 166.80. The firm’s market cap is GBX 78.35 million.
The company also recently announced a dividend, which will be paid on Friday, December 9th. Shareholders of record on Thursday, November 10th will be issued a GBX 3.30 ($0.04) dividend. This represents a dividend yield of 2.14%. This is a boost from Revolution Bars Group PLC’s previous dividend of $1.50. The ex-dividend date is Thursday, November 10th.
In other news, insider Michael Shallow bought 12,903 shares of the firm’s stock in a transaction on Tuesday, October 4th. The stock was bought at an average cost of GBX 155 ($2.02) per share, for a total transaction of £19,999.65 ($26,105.80).
About Revolution Bars Group PLC
Revolution Bars Group Limited (Revolution Bars Group) is an operator of bars across the United Kingdom. The Company’s primary business is the sale of food and drinks to customers of its bars all of, which are occupied under leases from third-parties. The Company has a trading portfolio of approximately 58 bars, located in town or city high streets across the United Kingdom, which it operates under the Revolution (53 sites) and Revolucion de Cuba (five sites) brands.
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