Restaurant Group (RTN) Price Target Cut to GBX 230
Restaurant Group (LON:RTN) had its price objective decreased by Berenberg Bank from GBX 300 ($4.14) to GBX 230 ($3.18) in a report issued on Thursday. Berenberg Bank currently has a sell rating on the stock.
RTN has been the subject of several other reports. Peel Hunt restated a reduce rating and set a GBX 250 ($3.45) price target on shares of Restaurant Group in a report on Friday, January 19th. JPMorgan Chase & Co. cut their price objective on shares of Restaurant Group from GBX 380 ($5.25) to GBX 360 ($4.97) and set an overweight rating on the stock in a research report on Tuesday, January 2nd. Liberum Capital reaffirmed a buy rating and set a GBX 430 ($5.94) price objective on shares of Restaurant Group in a research report on Thursday, January 25th. Shore Capital reaffirmed a buy rating on shares of Restaurant Group in a research report on Wednesday, February 7th. Finally, Canaccord Genuity cut their price objective on shares of Restaurant Group from GBX 400 ($5.53) to GBX 380 ($5.25) and set a buy rating on the stock in a research report on Thursday, January 25th. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of GBX 332.86 ($4.60).
Shares of Restaurant Group (LON:RTN) opened at GBX 262.20 ($3.62) on Thursday. The company has a market cap of $527.20 and a P/E ratio of -3,277.50. Restaurant Group has a fifty-two week low of GBX 240 ($3.32) and a fifty-two week high of GBX 386.92 ($5.35).
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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