Restaurant Group (RTN) Price Target Cut to GBX 230
Restaurant Group (LON:RTN) had its target price reduced by investment analysts at Berenberg Bank from GBX 300 ($4.14) to GBX 230 ($3.18) in a research note issued on Thursday. The firm presently has a “sell” rating on the stock. Berenberg Bank’s target price points to a potential downside of 12.61% from the company’s previous close.
A number of other equities research analysts have also weighed in on RTN. Peel Hunt lowered their price objective on Restaurant Group from GBX 300 ($4.14) to GBX 275 ($3.80) and set a “reduce” rating on the stock in a report on Wednesday, October 25th. JPMorgan Chase & Co. lowered their price objective on Restaurant Group from GBX 380 ($5.25) to GBX 360 ($4.97) and set an “overweight” rating on the stock in a report on Tuesday, December 12th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 430 ($5.94) price objective on shares of Restaurant Group in a report on Thursday, January 25th. Shore Capital reaffirmed a “buy” rating on shares of Restaurant Group in a report on Thursday, January 25th. Finally, Numis Securities reaffirmed a “buy” rating and issued a GBX 400 ($5.53) price objective on shares of Restaurant Group in a report on Thursday, January 25th. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of GBX 338.08 ($4.67).
Shares of Restaurant Group (LON:RTN) opened at GBX 263.20 ($3.64) on Thursday. Restaurant Group has a twelve month low of GBX 240 ($3.32) and a twelve month high of GBX 386.92 ($5.35). The firm has a market capitalization of $529.21 and a P/E ratio of -3,290.00.
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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