Restaurant Group PLC (RTN) Stock Rating Reaffirmed by N+1 Singer
Restaurant Group PLC (LON:RTN)‘s stock had its “buy” rating reiterated by analysts at N+1 Singer in a report released on Wednesday.
A number of other analysts have also weighed in on the stock. Citigroup Inc. raised shares of Restaurant Group PLC to a “neutral” rating and set a GBX 350 ($4.57) price target for the company in a research note on Monday, June 13th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 270 ($3.52) price target on shares of Restaurant Group PLC in a research note on Wednesday, June 15th. Barclays PLC reduced their price target on shares of Restaurant Group PLC from GBX 475 ($6.20) to GBX 321 ($4.19) and set an “equal weight” rating for the company in a research note on Monday, June 20th. JPMorgan Chase & Co. reduced their price target on shares of Restaurant Group PLC from GBX 400 ($5.22) to GBX 330 ($4.31) and set a “neutral” rating for the company in a research note on Monday, July 4th. Finally, Numis Securities Ltd reissued a “buy” rating and set a GBX 370 ($4.83) target price on shares of Restaurant Group PLC in a research note on Monday, July 25th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. Restaurant Group PLC presently has a consensus rating of “Hold” and an average target price of GBX 461.07 ($6.02).
Restaurant Group PLC (LON:RTN) traded down 3.58% during mid-day trading on Wednesday, reaching GBX 358.00. 1,144,765 shares of the company’s stock traded hands. The company has a 50-day moving average of GBX 391.98 and a 200-day moving average of GBX 352.21. Restaurant Group PLC has a 52-week low of GBX 229.85 and a 52-week high of GBX 728.00. The company’s market capitalization is GBX 716.36 million.
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The business also recently disclosed a dividend, which will be paid on Thursday, October 13th. Shareholders of record on Thursday, September 15th will be paid a GBX 6.80 ($0.09) dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a yield of 1.61%.
In other Restaurant Group PLC news, insider Hewitt,Debbie Howard purchased 17,325 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were bought at an average price of GBX 433 ($5.65) per share, for a total transaction of £75,017.25 ($97,920.96). Also, insider Tye,Michael purchased 7,284 shares of the company’s stock in a transaction dated Tuesday, August 30th. The shares were acquired at an average price of GBX 410 ($5.35) per share, for a total transaction of £29,864.40 ($38,982.38).
Restaurant Group PLC Company Profile
The Restaurant Group plc is a United Kingdom-based Company, which operates over 470 restaurants and pub restaurants. The Company’s portfolio covers a range of categories, including table service, counter service, sandwich shops, pubs and bars. The Company’s principal trading brands include Frankie & Benny’s, Chiquito and Coast to Coast.
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