Restaurant Group (RTN) Raised to Reduce at Peel Hunt
Restaurant Group (LON:RTN) was upgraded by equities researchers at Peel Hunt to a “reduce” rating in a research report issued on Wednesday. The brokerage presently has a GBX 260 ($3.35) price target on the stock, up from their previous price target of GBX 220 ($2.84). Peel Hunt’s price target would suggest a potential downside of 6.07% from the company’s current price.
Other research analysts have also recently issued reports about the stock. Citigroup reiterated a “buy” rating on shares of Restaurant Group in a report on Monday. Canaccord Genuity restated a “buy” rating and set a GBX 380 ($4.90) target price on shares of Restaurant Group in a report on Friday, August 31st. Numis Securities restated a “buy” rating and set a GBX 400 ($5.16) target price on shares of Restaurant Group in a report on Friday, August 31st. Liberum Capital reduced their target price on shares of Restaurant Group from GBX 430 ($5.55) to GBX 350 ($4.51) and set a “buy” rating for the company in a report on Friday, August 31st. Finally, Berenberg Bank upgraded shares of Restaurant Group to a “hold” rating and raised their target price for the stock from GBX 250 ($3.22) to GBX 270 ($3.48) in a report on Monday. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Restaurant Group presently has a consensus rating of “Hold” and a consensus target price of GBX 312.73 ($4.03).
Restaurant Group stock opened at GBX 276.80 ($3.57) on Wednesday. Restaurant Group has a 12-month low of GBX 229.20 ($2.96) and a 12-month high of GBX 381.70 ($4.92).
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, and Joe's Kitchen. The company also operates TRG concessions that provide table service, counter service, sandwich shops, pubs, and bars in the United Kingdom's airports.
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