Restaurant Group Stock Rating Reaffirmed by Panmure Gordon (RTN)
Restaurant Group (LON:RTN)‘s stock had its “buy” rating restated by equities research analysts at Panmure Gordon in a research note issued to investors on Wednesday, Analyst Ratings News reports.
Shares of Restaurant Group (LON:RTN) traded down 0.72% on Wednesday, hitting GBX 623.00. The stock had a trading volume of 49,978 shares. Restaurant Group has a 52 week low of GBX 376.66 and a 52 week high of GBX 670.00. The stock’s 50-day moving average is GBX 614.0 and its 200-day moving average is GBX 568.6. The company’s market cap is £1.248 billion.
A number of other analysts have also recently weighed in on RTN. Analysts at Nomura raised their price target on shares of Restaurant Group from GBX 568 ($9.32) to GBX 670 ($10.99) in a research note on Friday, February 7th. They now have a “buy” rating on the stock. Separately, analysts at Barclays raised their price target on shares of Restaurant Group from GBX 650 ($10.66) to GBX 675 ($11.07) in a research note on Wednesday, February 5th. They now have an “overweight” rating on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of Restaurant Group from GBX 545 ($8.94) to GBX 650 ($10.66) in a research note on Friday, January 24th. They now have a “neutral” rating on the stock. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of GBX 639.01 ($10.48).
The Restaurant Group plc (LON:RTN) is engaged in the operation of restaurants and pub restaurants.
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