Restaurant Group (LON:RTN) was upgraded by analysts at Peel Hunt to a “reduce” rating in a report released on Wednesday. The brokerage presently has a GBX 260 ($3.35) price objective on the stock, up from their prior price objective of GBX 220 ($2.84). Peel Hunt’s target price indicates a potential downside of 3.99% from the stock’s previous close.
RTN has been the subject of a number of other research reports. Liberum Capital decreased 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 research report on Friday, August 31st. Berenberg Bank increased their target price on shares of Restaurant Group from GBX 220 ($2.84) to GBX 250 ($3.22) and gave the company a “sell” rating in a research report on Wednesday, May 30th. Numis Securities reiterated a “buy” rating on shares of Restaurant Group in a research report on Wednesday, May 23rd. Citigroup reiterated a “buy” rating on shares of Restaurant Group in a research report on Monday. Finally, Canaccord Genuity reiterated a “buy” rating and issued a GBX 380 ($4.90) target price on shares of Restaurant Group in a research report on Friday, August 31st. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Restaurant Group presently has an average rating of “Hold” and an average target price of GBX 312.73 ($4.03).
Restaurant Group stock opened at GBX 270.80 ($3.49) on Wednesday. Restaurant Group has a one year low of GBX 229.20 ($2.96) and a one year high of GBX 381.70 ($4.92).
Restaurant Group Company Profile
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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