Restaurant Group (LON:RTN) had its target price lowered by investment analysts at Citigroup from GBX 100 ($1.23) to GBX 75 ($0.92) in a report released on Monday, MarketBeat reports. The brokerage presently has a “buy” rating on the stock. Citigroup‘s price target points to a potential upside of 33.10% from the company’s current price.

Several other research firms have also recently weighed in on RTN. JPMorgan Chase & Co. reduced their price target on Restaurant Group from GBX 140 ($1.72) to GBX 122 ($1.50) and set an “overweight” rating on the stock in a report on Tuesday, April 14th. Liberum Capital reaffirmed a “hold” rating on shares of Restaurant Group in a research note on Thursday, June 18th. Berenberg Bank boosted their price target on Restaurant Group from GBX 57 ($0.70) to GBX 80 ($0.98) and gave the company a “hold” rating in a research note on Tuesday, June 9th. Barclays initiated coverage on Restaurant Group in a report on Thursday, June 25th. They set an “equal weight” rating and a GBX 75 ($0.92) price objective for the company. Finally, Jefferies Financial Group decreased their price objective on Restaurant Group from GBX 170 ($2.09) to GBX 80 ($0.98) and set a “buy” rating for the company in a report on Tuesday, April 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 92.20 ($1.13).

Restaurant Group stock opened at GBX 56.35 ($0.69) on Monday. Restaurant Group has a 12-month low of GBX 20.26 ($0.25) and a 12-month high of GBX 167.70 ($2.06). The company has a quick ratio of 0.32, a current ratio of 0.50 and a debt-to-equity ratio of 86.29. The business’s 50-day moving average price is GBX 57.04 and its two-hundred day moving average price is GBX 92.54. The stock has a market cap of $294.90 million and a PE ratio of -7.32.

About Restaurant Group

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, Firejacks, Wagamama, and Joe's Kitchen. The company also operates TRG concessions that provide table service, counter service, sandwich shops, pubs, and bars.

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Analyst Recommendations for Restaurant Group (LON:RTN)

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