Restaurant Group PLC Upgraded to “Buy” by Numis Securities Ltd (RTN)
Restaurant Group PLC (LON:RTN) was upgraded by investment analysts at Numis Securities Ltd to a “buy” rating in a note issued to investors on Thursday. The firm currently has a GBX 725 ($12.35) target price on the stock. Numis Securities Ltd’s target price suggests a potential upside of 19.44% from the stock’s previous close.
Shares of Restaurant Group PLC (LON:RTN) traded up 0.49% during mid-day trading on Thursday, hitting GBX 619.00. 185,317 shares of the company’s stock traded hands. Restaurant Group PLC has a 1-year low of GBX 495.20 and a 1-year high of GBX 716.74. The stock has a 50-day moving average of GBX 601.0 and a 200-day moving average of GBX 630.1. The company’s market cap is £1.227 billion.
RTN has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Restaurant Group PLC in a research note on Tuesday. They now have a GBX 755 ($12.86) price target on the stock. Separately, analysts at Westhouse Securities upgraded shares of Restaurant Group PLC to a “buy” rating in a research note on Friday, June 20th. They now have a GBX 700 ($11.92) price target on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company’s stock. Restaurant Group PLC has a consensus rating of “Buy” and a consensus target price of GBX 716.33 ($12.20).
The Restaurant Group plc (LON:RTN) is engaged in the operation of restaurants and pub restaurants.
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