Restaurant Group PLC (RTN) Given Average Recommendation of “Hold” by Brokerages
Restaurant Group PLC (LON:RTN) has been assigned a consensus rating of “Hold” from the seventeen analysts that are covering the stock. Two investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is GBX 459.71 ($5.69).
Several equities research analysts have recently issued reports on the stock. Barclays PLC reiterated an “equal weight” rating and set a GBX 321 ($3.97) price objective on shares of Restaurant Group PLC in a research report on Tuesday, August 30th. Peel Hunt reiterated a “hold” rating and set a GBX 380 ($4.70) price objective on shares of Restaurant Group PLC in a research report on Friday, August 26th. Panmure Gordon lifted their price objective on shares of Restaurant Group PLC from GBX 335 ($4.15) to GBX 410 ($5.07) and gave the company a “hold” rating in a research report on Thursday, September 15th. Canaccord Genuity reiterated a “buy” rating and set a GBX 545 ($6.75) price objective on shares of Restaurant Group PLC in a research report on Tuesday, September 20th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Restaurant Group PLC from GBX 330 ($4.08) to GBX 390 ($4.83) and gave the company a “neutral” rating in a research report on Tuesday, August 30th.
In other Restaurant Group PLC news, insider Hewitt,Debbie Howard acquired 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 ($5.36) per share, with a total value of £75,017.25 ($92,843.13). Also, insider Tye,Michael acquired 7,284 shares of the stock in a transaction that occurred on Tuesday, August 30th. The stock was acquired at an average cost of GBX 410 ($5.07) per share, with a total value of £29,864.40 ($36,960.89).
Shares of Restaurant Group PLC (LON:RTN) traded up 0.51% during trading on Thursday, reaching GBX 357.20. 948,607 shares of the company were exchanged. The stock’s 50-day moving average is GBX 385.48 and its 200-day moving average is GBX 350.76. The firm’s market cap is GBX 714.76 million. Restaurant Group PLC has a 52-week low of GBX 229.85 and a 52-week high of GBX 728.00.
The business also recently announced a dividend, which will be paid on Thursday, October 13th. Stockholders of record on Thursday, September 15th will be paid a dividend of GBX 6.80 ($0.08) per share. This represents a dividend yield of 1.61%. The ex-dividend date is Thursday, September 15th.
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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