Restaurant Group PLC (RTN) Rating Reiterated by J P Morgan Chase & Co
Restaurant Group PLC (LON:RTN)‘s stock had its “overweight” rating reissued by research analysts at J P Morgan Chase & Co in a research report issued to clients and investors on Friday. They presently have a GBX 380 ($4.91) price objective on the stock. J P Morgan Chase & Co’s price target would indicate a potential upside of 12.66% from the company’s previous close.
Other equities analysts have also recently issued reports about the stock. Panmure Gordon reiterated a “hold” rating on shares of Restaurant Group PLC in a research note on Friday, May 26th. UBS AG cut shares of Restaurant Group PLC to a “sell” rating and decreased their target price for the company from GBX 310 ($4.01) to GBX 275 ($3.56) in a research note on Tuesday, May 23rd. N+1 Singer reiterated a “buy” rating on shares of Restaurant Group PLC in a research note on Friday, May 26th. Shore Capital reiterated a “buy” rating on shares of Restaurant Group PLC in a research note on Friday, May 26th. Finally, Peel Hunt reiterated a “hold” rating and issued a GBX 350 ($4.53) target price on shares of Restaurant Group PLC in a research note on Friday, May 26th. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 362.69 ($4.69).
Shares of Restaurant Group PLC (RTN) opened at 337.30 on Friday. Restaurant Group PLC has a 12 month low of GBX 281.36 and a 12 month high of GBX 410.10. The company’s market capitalization is GBX 675.86 million. The stock’s 50 day moving average is GBX 333.71 and its 200 day moving average is GBX 338.47.
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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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