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.

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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.

Analyst Recommendations for Restaurant Group PLC (LON:RTN)

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