Restaurant Group PLC (RTN) Given Buy Rating at Shore Capital
Restaurant Group PLC (LON:RTN)‘s stock had its “buy” rating reaffirmed by research analysts at Shore Capital in a research report issued on Thursday.
RTN has been the subject of a number of other reports. Peel Hunt cut shares of Restaurant Group PLC to a “reduce” rating and lowered their price objective for the stock from GBX 350 ($4.53) to GBX 300 ($3.88) in a research report on Tuesday. Deutsche Bank AG reiterated a “sell” rating and set a GBX 290 ($3.75) price objective on shares of Restaurant Group PLC in a research report on Friday, August 25th. Numis Securities Ltd reiterated a “buy” rating and set a GBX 430 ($5.56) price objective on shares of Restaurant Group PLC in a research report on Wednesday, August 23rd. Berenberg Bank reiterated a “sell” rating and set a GBX 300 ($3.88) price objective on shares of Restaurant Group PLC in a research report on Wednesday, May 31st. Finally, Liberum Capital reiterated a “buy” rating and set a GBX 430 ($5.56) price objective 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 issued a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 362.69 ($4.69).
Shares of Restaurant Group PLC (LON RTN) opened at 351.00 on Thursday. Restaurant Group PLC has a 52-week low of GBX 281.36 and a 52-week high of GBX 437.50. The firm has a 50-day moving average price of GBX 331.88 and a 200-day moving average price of GBX 337.85. The firm’s market capitalization is GBX 703.31 million.
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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.
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