Insider Buying: Restaurant Group PLC (RTN) Insider Acquires £55,600 in Stock
Restaurant Group PLC (LON:RTN) insider Andy McCue bought 20,000 shares of Restaurant Group PLC stock in a transaction that occurred on Wednesday, November 15th. The stock was purchased at an average price of GBX 278 ($3.66) per share, for a total transaction of £55,600 ($73,129.03).
Shares of Restaurant Group PLC (RTN) opened at GBX 287.80 ($3.79) on Friday. Restaurant Group PLC has a 52-week low of GBX 275.30 ($3.62) and a 52-week high of GBX 386.92 ($5.09).
RTN has been the topic of several research reports. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 380 ($5.00) price objective on shares of Restaurant Group PLC in a research report on Friday, September 1st. Beaufort Securities reissued a “hold” rating on shares of Restaurant Group PLC in a research report on Friday, September 1st. Peel Hunt reissued a “reduce” rating and issued a GBX 300 ($3.95) price objective on shares of Restaurant Group PLC in a research report on Monday, September 4th. Liberum Capital reissued a “buy” rating and issued a GBX 430 ($5.66) price objective on shares of Restaurant Group PLC in a research report on Thursday, August 31st. Finally, Canaccord Genuity cut their price objective on Restaurant Group PLC from GBX 430 ($5.66) to GBX 400 ($5.26) and set a “buy” rating on the stock in a research report on Tuesday, September 5th. Five analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 355.77 ($4.68).
About Restaurant Group PLC
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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