Restaurant Group Given New GBX 712 Price Target at UBS AG (RTN)
Investment analysts at UBS AG lifted their price target on shares of Restaurant Group (LON:RTN) from GBX 670 ($11.00) to GBX 712 ($11.69) in a note issued to investors on Wednesday, StockRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. UBS AG’s price objective would suggest a potential upside of 13.74% from the company’s current price.
Shares of Restaurant Group (LON:RTN) opened at 635.00 on Wednesday. Restaurant Group has a one year low of GBX 368.744 and a one year high of GBX 670.00. The stock has a 50-day moving average of GBX 592.1 and a 200-day moving average of GBX 561.7. The company’s market cap is £1.273 billion.
RTN has been the subject of a number of other recent research reports. Analysts at Jefferies Group downgraded shares of Restaurant Group to a “hold” rating in a research note to investors on Tuesday. They now have a GBX 685 ($11.24) price target on the stock, up previously from GBX 575 ($9.44). Separately, 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. Finally, 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. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Restaurant Group presently has an average rating of “Buy” and a consensus price target of GBX 616.42 ($10.12).
The Restaurant Group plc (LON:RTN) is engaged in the operation of restaurants and pub restaurants.
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