The Restaurant Group (LON:RTN) Stock Rating Reaffirmed by Peel Hunt

Peel Hunt reiterated their buy rating on shares of The Restaurant Group (LON:RTNGet Rating) in a report published on Tuesday, MarketBeat reports. The firm currently has a GBX 90 ($1.13) price objective on the stock.

RTN has been the subject of several other research reports. Liberum Capital reaffirmed a buy rating and set a GBX 160 ($2.01) price objective on shares of The Restaurant Group in a research report on Monday, January 24th. Shore Capital reaffirmed a buy rating on shares of The Restaurant Group in a research report on Tuesday. Berenberg Bank cut their price objective on shares of The Restaurant Group from GBX 125 ($1.57) to GBX 110 ($1.38) and set a buy rating for the company in a research report on Thursday, March 24th. Finally, Barclays cut shares of The Restaurant Group to an underweight rating and cut their price objective for the stock from GBX 75 ($0.94) to GBX 70 ($0.88) in a research report on Friday, March 25th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, The Restaurant Group has a consensus rating of Buy and a consensus price target of GBX 107.50 ($1.35).

RTN stock opened at GBX 55.25 ($0.70) on Tuesday. The company has a debt-to-equity ratio of 165.68, a quick ratio of 0.77 and a current ratio of 0.83. The company’s 50-day simple moving average is GBX 61.72 and its 200 day simple moving average is GBX 80.04. The Restaurant Group has a 52 week low of GBX 49.68 ($0.63) and a 52 week high of GBX 140 ($1.76). The company has a market capitalization of £422.69 million and a PE ratio of -10.42.

In related news, insider Ken Hanna bought 100,000 shares of the company’s stock in a transaction dated Wednesday, March 16th. The stock was purchased at an average price of GBX 77 ($0.97) per share, with a total value of £77,000 ($96,891.91).

The Restaurant Group Company Profile (Get Rating)

The Restaurant Group plc operates restaurants and pubs in the United Kingdom. Its brands include Wagamama, Frankie & Benny's, Brunning & Price, Chiquito, Coast to Coast, Firejacks, Garfunkel's, and Joe's Kitchen. The company also operates TRG concessions that provide table and counter services, as well as sandwich shops, pubs, and bars.

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