Restaurant Group PLC Lowered to Hold at N+1 Singer (RTN)
Restaurant Group PLC (LON:RTN) was downgraded by investment analysts at N+1 Singer to a “hold” rating in a note issued to investors on Friday. They currently have a GBX 700 ($11.74) price objective on the stock. N+1 Singer’s price target points to a potential upside of 5.82% from the company’s current price.
Restaurant Group PLC (LON:RTN) traded down 0.45% on Friday, hitting GBX 658.50. 27,370 shares of the company’s stock traded hands. Restaurant Group PLC has a 52 week low of GBX 518.00 and a 52 week high of GBX 716.74. The stock’s 50-day moving average is GBX 603.8 and its 200-day moving average is GBX 629.6. The company’s market cap is £1.305 billion.
A number of other firms have also recently commented on RTN. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Restaurant Group PLC in a research note on Wednesday. They now have a GBX 725 ($12.16) price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Restaurant Group PLC in a research note on Monday. They now have a GBX 750 ($12.58) price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 716.33 ($12.02).
The Restaurant Group plc (LON:RTN) is engaged in the operation of restaurants and pub restaurants.
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