Restaurant Group’s (RTN) Outperform Rating Reiterated at Royal Bank of Canada
Royal Bank of Canada reaffirmed their outperform rating on shares of Restaurant Group (LON:RTN) in a research note published on Monday. Royal Bank of Canada currently has a GBX 200 ($2.61) price objective on the stock.
Several other analysts also recently issued reports on the stock. Citigroup downgraded shares of Restaurant Group to a sell rating and decreased their price objective for the stock from GBX 197 ($2.57) to GBX 120 ($1.57) in a research note on Wednesday, January 16th. Berenberg Bank decreased their price objective on shares of Restaurant Group from GBX 270 ($3.53) to GBX 170 ($2.22) and set a hold rating for the company in a research note on Thursday, January 17th. Peel Hunt reissued a hold rating on shares of Restaurant Group in a research note on Wednesday, February 20th. Shore Capital reissued a buy rating on shares of Restaurant Group in a research note on Thursday, January 24th. Finally, HSBC decreased their price objective on shares of Restaurant Group from GBX 370 ($4.83) to GBX 305 ($3.99) and set a buy rating for the company in a research note on Tuesday, November 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of GBX 192.50 ($2.52).
Shares of LON RTN opened at GBX 124.10 ($1.62) on Monday. The company has a quick ratio of 0.40, a current ratio of 0.57 and a debt-to-equity ratio of 79.62. The stock has a market capitalization of $619.40 million and a price-to-earnings ratio of 51.71. Restaurant Group has a 1 year low of GBX 121 ($1.58) and a 1 year high of GBX 244.41 ($3.19).
The Restaurant Group plc operates restaurants and pub restaurants in the United Kingdom. Its brands include Frankie & Benny's, Chiquito, Coast to Coast, Brunning & Price, Garfunkel's, and Joe's Kitchen. The company also operates TRG concessions that provide table service, counter service, sandwich shops, pubs, and bars in the United Kingdom's airports.
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