Barclays PLC Increases Restaurant Group PLC (RTN) Price Target to GBX 390
Restaurant Group PLC (LON:RTN) had its target price hoisted by stock analysts at Barclays PLC from GBX 321 ($4.01) to GBX 390 ($4.87) in a research report issued to clients and investors on Wednesday. The firm currently has an “equal weight” rating on the stock. Barclays PLC’s price objective points to a potential upside of 13.50% from the stock’s current price.
A number of other research firms have also issued reports on RTN. Beaufort Securities reiterated a “hold” rating on shares of Restaurant Group PLC in a report on Tuesday, August 30th. JPMorgan Chase & Co. increased their target price on shares of Restaurant Group PLC from GBX 330 ($4.12) to GBX 390 ($4.87) and gave the stock a “neutral” rating in a report on Tuesday, August 30th. Peel Hunt reiterated a “hold” rating and set a GBX 380 ($4.75) target price on shares of Restaurant Group PLC in a report on Friday, August 26th. Numis Securities Ltd reissued a “buy” rating and issued a GBX 490 ($6.12) price objective on shares of Restaurant Group PLC in a research report on Friday, August 26th. Finally, Citigroup Inc. downgraded shares of Restaurant Group PLC to a “sell” rating and dropped their price objective for the company from GBX 350 ($4.37) to GBX 320 ($4.00) in a research report on Wednesday, August 31st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. Restaurant Group PLC has an average rating of “Hold” and an average target price of GBX 453.57 ($5.67).
Shares of Restaurant Group PLC (LON:RTN) opened at 340.50 on Wednesday. Restaurant Group PLC has a 1-year low of GBX 229.85 and a 1-year high of GBX 692.00. The firm’s market capitalization is GBX 681.34 million. The stock’s 50 day moving average is GBX 370.10 and its 200 day moving average is GBX 355.28.
In other news, insider Debbie Howard Hewitt bought 7,012 shares of Restaurant Group PLC stock in a transaction dated Monday, October 17th. The stock was bought at an average price of GBX 355 ($4.44) per share, for a total transaction of £24,892.60 ($31,100.20). Also, insider Tye,Michael bought 7,284 shares of Restaurant Group PLC stock in a transaction dated Tuesday, August 30th. The stock was purchased at an average price of GBX 410 ($5.12) per share, with a total value of £29,864.40 ($37,311.84).
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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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