Deutsche Bank Reaffirms “Hold” Rating for Restaurant Group PLC (RTN)
Restaurant Group PLC (LON:RTN)‘s stock had its “hold” rating reiterated by Deutsche Bank in a research note issued on Wednesday. They currently have a GBX 700 ($11.70) price objective on the stock. Deutsche Bank’s target price suggests a potential upside of 5.50% from the company’s current price.
Shares of Restaurant Group PLC (LON:RTN) traded down 1.13% on Wednesday, hitting GBX 656.00. The stock had a trading volume of 102,684 shares. Restaurant Group PLC has a one year low of GBX 518.00 and a one year high of GBX 716.74. The stock’s 50-day moving average is GBX 611.4 and its 200-day moving average is GBX 631.2. The company’s market cap is £1.300 billion.
RTN has been the subject of a number of other recent research reports. Analysts at N+1 Singer downgraded shares of Restaurant Group PLC to a “hold” rating in a research note on Friday, August 15th. They now have a GBX 700 ($11.70) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Restaurant Group PLC in a research note on Wednesday, August 13th. They now have a GBX 725 ($12.12) price target on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Restaurant Group PLC in a research note on Monday, August 11th. They now have a GBX 750 ($12.54) price target on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. Restaurant Group PLC has an average rating of “Buy” and a consensus target price of GBX 716.33 ($11.97).
The Restaurant Group plc (LON:RTN) is engaged in the operation of restaurants and pub restaurants.
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