Revolution Bars Group PLC (RBG) Earns “Buy” Rating from Numis Securities Ltd
Revolution Bars Group PLC (LON:RBG)‘s stock had its “buy” rating reaffirmed by analysts at Numis Securities Ltd in a report issued on Tuesday. They currently have a GBX 265 ($3.46) price target on the stock. Numis Securities Ltd’s price objective indicates a potential upside of 65.63% from the company’s current price.
Separately, FinnCap reiterated a “buy” rating and set a GBX 232 ($3.03) price objective on shares of Revolution Bars Group PLC in a research report on Tuesday, October 4th.
Shares of Revolution Bars Group PLC (LON:RBG) traded up 2.40% during midday trading on Tuesday, hitting GBX 160.00. The stock had a trading volume of 88,654 shares. Revolution Bars Group PLC has a 12-month low of GBX 145.00 and a 12-month high of GBX 197.00. The firm’s market cap is GBX 80.00 million. The company’s 50-day moving average price is GBX 157.42 and its 200-day moving average price is GBX 166.57.
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The firm also recently disclosed a dividend, which will be paid on Friday, December 9th. Stockholders of record on Thursday, November 10th will be given a dividend of GBX 3.30 ($0.04) per share. The ex-dividend date of this dividend is Thursday, November 10th. This is an increase from Revolution Bars Group PLC’s previous dividend of $1.50. This represents a dividend yield of 2.14%.
In other news, insider Michael Shallow bought 12,903 shares of the business’s stock in a transaction on Tuesday, October 4th. The stock was purchased at an average cost of GBX 155 ($2.02) per share, for a total transaction of £19,999.65 ($26,105.80).
About Revolution Bars Group PLC
Revolution Bars Group Limited (Revolution Bars Group) is an operator of bars across the United Kingdom. The Company’s primary business is the sale of food and drinks to customers of its bars all of, which are occupied under leases from third-parties. The Company has a trading portfolio of approximately 58 bars, located in town or city high streets across the United Kingdom, which it operates under the Revolution (53 sites) and Revolucion de Cuba (five sites) brands.
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