Restaurant Group PLC (RTN) Downgraded by Peel Hunt
Restaurant Group PLC (LON:RTN) was downgraded by equities research analysts at Peel Hunt to a “reduce” rating in a note issued to investors on Tuesday. They presently have a GBX 300 ($3.88) target price on the stock, down from their previous target price of GBX 350 ($4.53). Peel Hunt’s price target points to a potential downside of 7.09% from the stock’s previous close.
Several other research firms have also commented on RTN. Berenberg Bank reaffirmed a “sell” rating and set a GBX 300 ($3.88) price target on shares of Restaurant Group PLC in a research report on Wednesday, May 31st. Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 430 ($5.56) price target on shares of Restaurant Group PLC in a research report on Wednesday, August 23rd. Deutsche Bank AG reaffirmed a “sell” rating and set a GBX 290 ($3.75) price target on shares of Restaurant Group PLC in a research report on Friday. Barclays PLC reaffirmed an “equal weight” rating and set a GBX 400 ($5.17) price target on shares of Restaurant Group PLC in a research report on Tuesday, June 13th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Restaurant Group PLC in a research report on Friday, August 11th. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. Restaurant Group PLC presently has an average rating of “Hold” and an average price target of GBX 362.69 ($4.69).
Shares of Restaurant Group PLC (RTN) opened at 322.90 on Tuesday. 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 cap is GBX 647.01 million. Restaurant Group PLC has a one year low of GBX 281.36 and a one year high of GBX 437.50.
ILLEGAL ACTIVITY NOTICE: “Restaurant Group PLC (RTN) Downgraded by Peel Hunt” was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of United States and international copyright and trademark legislation. The correct version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/08/29/restaurant-group-plc-rtn-downgraded-by-peel-hunt.html.
Restaurant Group PLC Company Profile
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.
Receive News & Stock Ratings for Restaurant Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restaurant Group PLC and related stocks with our FREE daily email newsletter.