Restaurant Group Price Target Raised to GBX 675 at Barclays (RTN)
Stock analysts at Barclays upped their price objective on shares of Restaurant Group (LON:RTN) from GBX 650 ($10.68) to GBX 675 ($11.09) in a report issued on Wednesday, Stock Ratings News reports. The firm currently has an “overweight” rating on the stock. Barclays’ price target would indicate a potential upside of 11.66% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. raised their price target on shares of Restaurant Group from GBX 545 ($8.96) to GBX 650 ($10.68) in a research note to investors on Friday, January 24th. They now have a “neutral” rating on the stock. Separately, analysts at UBS AG raised their price target on shares of Restaurant Group from GBX 670 ($11.01) to GBX 712 ($11.70) in a research note to investors on Wednesday, January 22nd. They now have a “buy” rating on the stock. Finally, analysts at Jefferies Group downgraded shares of Restaurant Group to a “hold” rating in a research note to investors on Tuesday, January 21st. They now have a GBX 685 ($11.26) price target on the stock, up previously from GBX 575 ($9.45). Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of GBX 627.26 ($10.31).
Shares of Restaurant Group (LON:RTN) opened at 604.50 on Wednesday. Restaurant Group has a 52 week low of GBX 373.50 and a 52 week high of GBX 670.00. The stock’s 50-day moving average is GBX 607.1 and its 200-day moving average is GBX 566.0. The company’s market cap is £1.211 billion.
The Restaurant Group plc (LON:RTN) is engaged in the operation of restaurants and pub restaurants.
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