Restaurant Group Rating Lowered to Hold at Jefferies Group (RTN)
Restaurant Group (LON:RTN) was downgraded by analysts at Jefferies Group to a “hold” rating in a research report issued to clients and investors on Tuesday, StockRatingsNetwork reports. They currently have a GBX 685 ($11.24) target price on the stock, up from their previous target price of GBX 575 ($9.44). Jefferies Group’s target price indicates a potential upside of 9.42% from the company’s current price.
Shares of Restaurant Group (LON:RTN) traded up 0.08% during mid-day trading on Tuesday, hitting GBX 626.00. The stock had a trading volume of 342,667 shares. The stock has a 50-day moving average of GBX 0. and a 200-day moving average of GBX 0.. The company’s market cap is £1.254 billion.
A number of other analysts have also recently weighed in on RTN. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Restaurant Group in a research note to investors on Tuesday. They now have a GBX 665 ($10.92) price target on the stock. Separately, analysts at Nplus1 Brewin reiterated a “buy” rating on shares of Restaurant Group in a research note to investors on Tuesday. They now have a GBX 608 ($9.98) price target on the stock. Finally, analysts at N+1 Singer reiterated a “buy” rating on shares of Restaurant Group in a research note to investors on Tuesday. They now have a GBX 608 ($9.98) price target on the stock. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Restaurant Group presently has a consensus rating of “Buy” and an average target price of GBX 609.17 ($10.00).
The Restaurant Group plc (LON:RTN) is engaged in the operation of restaurants and pub restaurants.
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