Restaurant Group PLC Downgraded to Add at Numis Securities Ltd (RTN)
Restaurant Group PLC (LON:RTN) was downgraded by equities researchers at Numis Securities Ltd to an “add” rating in a research report issued on Friday. They currently have a GBX 760 ($12.58) target price on the stock, up from their previous target price of GBX 725 ($12.00). Numis Securities Ltd’s price target would indicate a potential upside of 15.33% from the company’s current price.
Restaurant Group PLC (LON:RTN) opened at 639.00 on Friday. Restaurant Group PLC has a one year low of GBX 518.00 and a one year high of GBX 716.74. The stock has a 50-day moving average of GBX 619.9 and a 200-day moving average of GBX 633.2. The company’s market cap is £1.266 billion.
A number of other firms have also recently commented on RTN. Analysts at N+1 Singer reiterated a “hold” rating on shares of Restaurant Group PLC in a research note on Friday. They now have a GBX 700 ($11.58) price target on the stock. Separately, analysts at Panmure Gordon reiterated a “buy” rating on shares of Restaurant Group PLC in a research note on Thursday. They now have a GBX 750 ($12.41) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Restaurant Group PLC in a research note on Wednesday, August 20th. They now have a GBX 700 ($11.58) price target on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 720 ($11.91).
The Restaurant Group plc (LON:RTN) is engaged in the operation of restaurants and pub restaurants.
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