Restaurant Group Price Target Increased to GBX 650 by Analysts at Citigroup Inc. (RTN)
Equities researchers at Citigroup Inc. lifted their price objective on shares of Restaurant Group (LON:RTN) from GBX 545 ($8.95) to GBX 650 ($10.67) in a research report issued on Friday, StockRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. Citigroup Inc.’s price target would indicate a potential upside of 5.95% from the company’s current price.
Shares of Restaurant Group (LON:RTN) traded down 3.76% during mid-day trading on Friday, hitting GBX 613.50. The stock had a trading volume of 135,632 shares. Restaurant Group has a one year low of GBX 369.30 and a one year high of GBX 670.00. The stock’s 50-day moving average is GBX 596.6 and its 200-day moving average is GBX 563.3. The company’s market cap is £1.229 billion.
A number of other firms have also recently commented on RTN. Analysts at UBS AG raised their price target on shares of Restaurant Group from GBX 670 ($11.00) to GBX 712 ($11.69) in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, 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). Finally, 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. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of GBX 625.17 ($10.26).
The Restaurant Group plc (LON:RTN) is engaged in the operation of restaurants and pub restaurants.
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