Revolution Bars Group PLC (RBG) Rating Lowered to Hold at Peel Hunt
Revolution Bars Group PLC (LON:RBG) was downgraded by Peel Hunt to a “hold” rating in a note issued to investors on Thursday. They currently have a GBX 200 ($2.60) price objective on the stock. Peel Hunt’s price objective would suggest a potential downside of 4.53% from the company’s previous close.
Several other equities research analysts have also weighed in on RBG. FinnCap reaffirmed an “under review” rating and issued a GBX 180 ($2.34) target price (down from GBX 250 ($3.25)) on shares of Revolution Bars Group PLC in a research report on Friday, May 19th. Numis Securities Ltd reaffirmed a “hold” rating on shares of Revolution Bars Group PLC in a research report on Friday, May 19th. Finally, Canaccord Genuity lowered Revolution Bars Group PLC to a “hold” rating and dropped their target price for the stock from GBX 300 ($3.89) to GBX 150 ($1.95) in a research report on Monday, May 22nd.
Revolution Bars Group PLC (LON RBG) opened at 209.50 on Thursday. The stock’s market cap is GBX 104.75 million. Revolution Bars Group PLC has a 12 month low of GBX 99.00 and a 12 month high of GBX 247.96. The stock has a 50 day moving average of GBX 152.75 and a 200-day moving average of GBX 174.55.
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About Revolution Bars Group PLC
Revolution Bars Group plc is a United Kingdom-based operator of bars. The Company has a trading portfolio of approximately 60 bars located predominantly in town or city high streets, which operate under the Revolution and Revolucion de Cuba brands. The Company’s bars focus on a drinks and food-led offering, and typically trade from late morning, during the day and into late evening.
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