Restaurant Group Given “Buy” Rating at Canaccord Genuity (RTN)
Restaurant Group (LON:RTN)‘s stock had its “buy” rating reiterated by stock analysts at Canaccord Genuity in a report issued on Tuesday, AnalystRatingsNetwork.com reports. They currently have a GBX 650 ($10.16) price objective on the stock. Canaccord Genuity’s target price would indicate a potential upside of 16.07% from the stock’s previous close.
Restaurant Group (LON:RTN) opened at 567.70 on Tuesday. Restaurant Group has a one year low of GBX 346.60 and a one year high of GBX 578.50. The stock’s 50-day moving average is GBX 542.5 and its 200-day moving average is GBX 499.1. The company’s market cap is £1.138 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG raised their price target on shares of Restaurant Group (LON:RTN) from GBX 590 ($9.22) to GBX 625 ($9.77) in a research note to investors on Tuesday, September 3rd. They now have a “buy” rating on the stock. Separately, analysts at Barclays Capital reiterated an “overweight” rating on shares of Restaurant Group (LON:RTN) in a research note to investors on Monday, September 2nd. They now have a GBX 650 ($10.16) price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Restaurant Group (LON:RTN) in a research note to investors on Monday, September 2nd. They now have a GBX 575 ($8.99) price target on the stock.
One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of GBX 552.84 ($8.64).
The Restaurant Group plc (LON:RTN) is engaged in the operation of restaurants and pub restaurants.
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