Restaurant Group PLC (RTN) PT Lowered to GBX 400
Restaurant Group PLC (LON:RTN) had its target price lowered by research analysts at Canaccord Genuity from GBX 430 ($5.55) to GBX 400 ($5.17) in a research note issued to investors on Tuesday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target would suggest a potential upside of 27.23% from the stock’s current price.
A number of other brokerages have also recently weighed in on RTN. J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 380 ($4.91) price target on shares of Restaurant Group PLC in a research report on Friday, September 1st. Deutsche Bank AG reiterated a “sell” rating and issued a GBX 290 ($3.75) price target on shares of Restaurant Group PLC in a research report on Friday, August 25th. N+1 Singer reiterated a “buy” rating and issued a GBX 415 ($5.36) price target on shares of Restaurant Group PLC in a research report on Thursday, August 31st. UBS AG lowered Restaurant Group PLC to a “sell” rating and reduced their price objective for the stock from GBX 310 ($4.00) to GBX 275 ($3.55) in a research note on Tuesday, May 23rd. Finally, Numis Securities Ltd reissued a “buy” rating and issued a GBX 430 ($5.55) price objective on shares of Restaurant Group PLC in a research note on Wednesday, August 23rd. Five equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 360.38 ($4.65).
Restaurant Group PLC (LON:RTN) opened at 310.40 on Tuesday. Restaurant Group PLC has a one year low of GBX 281.36 and a one year high of GBX 410.10. The company has a 50 day moving average of GBX 334.05 and a 200-day moving average of GBX 339.02. The firm’s market cap is GBX 621.96 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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