Revolution Bars Group PLC (RBG) Stock Rating Lowered by FinnCap
Revolution Bars Group PLC (LON:RBG) was downgraded by investment analysts at FinnCap to a “hold” rating in a research note issued to investors on Tuesday. They presently have a GBX 203 ($2.69) target price on the stock, up from their previous target price of GBX 180 ($2.39). FinnCap’s target price suggests a potential downside of 3.56% from the company’s previous close.
Several other research firms also recently issued reports on RBG. Numis Securities Ltd restated a “hold” rating and set a GBX 130 ($1.72) target price on shares of Revolution Bars Group PLC in a research report on Tuesday, July 25th. Canaccord Genuity upgraded Revolution Bars Group PLC to a “buy” rating and set a GBX 150 ($1.99) target price on the stock in a research report on Wednesday, July 26th. Finally, Peel Hunt downgraded Revolution Bars Group PLC to a “hold” rating and set a GBX 200 ($2.65) target price on the stock. in a research report on Thursday, August 24th.
Revolution Bars Group PLC (LON RBG) opened at 206.00 on Tuesday. Revolution Bars Group PLC has a 1-year low of GBX 99.00 and a 1-year high of GBX 247.96. The firm’s 50-day moving average price is GBX 206.42 and its 200-day moving average price is GBX 174.05. The company’s market cap is GBX 103.00 million.
Revolution Bars Group PLC (LON:RBG) last posted its earnings results on Tuesday, October 3rd. The company reported GBX 14.20 ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of GBX 13.10 ($0.17) by GBX 1.10 ($0.01). The firm had revenue of £130.47 million for the quarter. Revolution Bars Group PLC had a return on equity of 18.25% and a net margin of 5.77%. Equities research analysts forecast that Revolution Bars Group PLC will post $16.64 EPS for the current fiscal year.
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Revolution Bars Group PLC Company Profile
Revolution Bars Group plc is a United Kingdom-based operator of bars. The Company has a trading portfolio of approximately 60 bars located predominantly in town or city high streets, which operate under the Revolution and Revolucion de Cuba brands. The Company’s bars focus on a drinks and food-led offering, and typically trade from late morning, during the day and into late evening.
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