Restaurant Group PLC Now Covered by Deutsche Bank (RTN)
Investment analysts at Deutsche Bank assumed coverage on shares of Restaurant Group PLC (LON:RTN) in a note issued to investors on Monday, AnalystRatingsNetwork reports. The firm set a “hold” rating and a GBX 700 ($11.76) price target on the stock. Deutsche Bank’s price objective would indicate a potential upside of 10.50% from the stock’s previous close.
Shares of Restaurant Group PLC (LON:RTN) opened at 619.50 on Monday. Restaurant Group PLC has a one year low of GBX 467.706 and a one year high of GBX 716.74. The stock’s 50-day moving average is GBX 675.7 and its 200-day moving average is GBX 613.1. The company’s market cap is £1.228 billion.
Several other analysts have also recently commented on the stock. Analysts at Nplus1 Brewin reiterated a “buy” rating on shares of Restaurant Group PLC in a research note on Wednesday, April 16th. Separately, analysts at N+1 Singer reiterated a “buy” rating on shares of Restaurant Group PLC in a research note on Wednesday, April 16th. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Restaurant Group PLC from GBX 750 ($12.60) to GBX 755 ($12.68) in a research note on Thursday, April 3rd. They now have an “overweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of GBX 718.91 ($12.08).
The Restaurant Group plc (LON:RTN) is engaged in the operation of restaurants and pub restaurants.
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