JPMorgan Chase & Co. Reiterates Overweight Rating for Restaurant Group PLC (RTN)
Restaurant Group PLC (LON:RTN)‘s stock had its “overweight” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a report issued on Thursday, American Banking News.com reports. They currently have a GBX 755 ($12.72) target price on the stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 21.09% from the stock’s previous close.
Shares of Restaurant Group PLC (LON:RTN) traded down 3.77% during mid-day trading on Thursday, hitting GBX 600.00. The stock had a trading volume of 345,815 shares. Restaurant Group PLC has a 52 week low of GBX 481.00 and a 52 week high of GBX 716.74. The stock’s 50-day moving average is GBX 653.0 and its 200-day moving average is GBX 621.0. The company’s market cap is £1.189 billion.
RTN has been the subject of a number of other recent research reports. Analysts at N 1 Singer reiterated a “buy” rating on shares of Restaurant Group PLC in a research note on Thursday. They now have a GBX 700 ($11.79) price target on the stock. Separately, analysts at N+1 Singer reiterated a “buy” rating on shares of Restaurant Group PLC in a research note on Thursday. They now have a GBX 700 ($11.79) price target on the stock. Finally, analysts at Panmure Gordon reiterated a “buy” rating on shares of Restaurant Group PLC in a research note on Monday. They now have a GBX 750 ($12.63) price target on the stock. One 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 stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 716.33 ($12.07).
The Restaurant Group plc (LON:RTN) is engaged in the operation of restaurants and pub restaurants.
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