Restaurant Group PLC (RTN) Receives “Sell” Rating from Deutsche Bank AG
Deutsche Bank AG reiterated their sell rating on shares of Restaurant Group PLC (LON:RTN) in a research report report published on Friday. The firm currently has a GBX 290 ($3.76) target price on the stock.
Several other research firms have also weighed in on RTN. Berenberg Bank reiterated a sell rating and issued a GBX 300 ($3.89) target price on shares of Restaurant Group PLC in a report on Wednesday, May 31st. Peel Hunt reiterated a hold rating and issued a GBX 350 ($4.54) target price on shares of Restaurant Group PLC in a report on Thursday, May 4th. Numis Securities Ltd reiterated a buy rating and issued a GBX 430 ($5.58) target price on shares of Restaurant Group PLC in a report on Wednesday. Barclays PLC reiterated an equal weight rating and issued a GBX 400 ($5.19) target price on shares of Restaurant Group PLC in a report on Tuesday, June 13th. Finally, Shore Capital reiterated a buy rating on shares of Restaurant Group PLC in a report on Friday, August 11th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of GBX 366.54 ($4.76).
Shares of Restaurant Group PLC (LON:RTN) traded down 5.14% during midday trading on Friday, reaching GBX 322.90. The company’s stock had a trading volume of 1,187,868 shares. The stock’s 50 day moving average is GBX 331.88 and its 200 day moving average is GBX 337.85. The stock’s market capitalization is GBX 647.01 million. Restaurant Group PLC has a 12 month low of GBX 281.36 and a 12 month high of GBX 429.00.
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About Restaurant Group PLC
The Restaurant Group plc is a United Kingdom-based company, which operates over 500 restaurants and pub restaurants. The Company operates through operating restaurants segment. Its 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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