Restaurant Group PLC (RTN) Receives GBX 364.55 Consensus Target Price from Analysts
Restaurant Group PLC (LON:RTN) has received an average recommendation of “Hold” from the fifteen analysts that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a sell recommendation, three have given a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 360 ($4.66).
Several analysts have recently weighed in on RTN shares. Peel Hunt reissued a “hold” rating and issued a GBX 350 ($4.53) price target on shares of Restaurant Group PLC in a research note on Thursday, May 4th. Shore Capital reaffirmed a “buy” rating on shares of Restaurant Group PLC in a research report on Friday, May 26th. Berenberg Bank reaffirmed a “sell” rating and set a GBX 300 ($3.88) price objective on shares of Restaurant Group PLC in a research report on Wednesday, May 31st. Liberum Capital reaffirmed a “buy” rating and set a GBX 450 ($5.82) price objective on shares of Restaurant Group PLC in a research report on Wednesday, July 5th. Finally, J P Morgan Chase & Co raised shares of Restaurant Group PLC to an “overweight” rating and increased their price objective for the stock from GBX 340 ($4.40) to GBX 380 ($4.91) in a research report on Friday, May 26th.
Restaurant Group PLC (LON:RTN) traded down 2.66% during midday trading on Friday, hitting GBX 314.30. The stock had a trading volume of 963,825 shares. The stock’s 50-day moving average is GBX 331.88 and its 200-day moving average is GBX 337.85. Restaurant Group PLC has a 1-year low of GBX 281.36 and a 1-year high of GBX 437.50. The company’s market capitalization is GBX 629.78 million.
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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