Restaurant Group PLC (RTN) Announces Dividend of GBX 8.75
Restaurant Group PLC (LON:RTN) declared a dividend on Wednesday, February 26th, Analyst Ratings Network.com reports. Investors of record on Wednesday, June 18th will be given a dividend of GBX 8.75 ($0.15) per share on Wednesday, July 9th. This represents a yield of 1.35%. The ex-dividend date of this dividend is Wednesday, June 18th. The official announcement can be viewed at this link.
RTN has been the subject of a number of recent research reports. Analysts at Panmure Gordon raised their price target on shares of Restaurant Group PLC from GBX 684 ($11.38) to GBX 750 ($12.47) in a research note on Wednesday. They now have a “buy” rating on the stock. On a related note, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Restaurant Group PLC in a research note on Wednesday. They now have a GBX 725 ($12.06) price target on the stock. Finally, analysts at Nplus1 Brewin raised their price target on shares of Restaurant Group PLC from GBX 608 ($10.11) to GBX 700 ($11.64) in a research note on Wednesday. They now have a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of GBX 676.09 ($11.24).
Restaurant Group PLC (LON:RTN) traded down 0.92% during mid-day trading on Wednesday, hitting GBX 648.50. The stock had a trading volume of 80,774 shares. Restaurant Group PLC has a 1-year low of GBX 414.10 and a 1-year high of GBX 670.00. The stock’s 50-day moving average is GBX 627.3 and its 200-day moving average is GBX 575.8. The company’s market cap is £1.300 billion.
The Restaurant Group plc (LON:RTN) is engaged in the operation of restaurants and pub restaurants.
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