Restaurant Group PLC (RTN) Given Average Recommendation of “Hold” by Brokerages
Restaurant Group PLC (LON:RTN) has been given an average rating of “Hold” by the seventeen ratings firms that are presently covering the stock. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 459.71 ($5.69).
RTN has been the topic of several recent analyst reports. Numis Securities Ltd reissued a “buy” rating and issued a GBX 490 ($6.06) target price on shares of Restaurant Group PLC in a report on Friday, August 26th. Canaccord Genuity raised Restaurant Group PLC to a “buy” rating and boosted their target price for the stock from GBX 276 ($3.42) to GBX 550 ($6.81) in a report on Friday, August 12th. Shore Capital reissued a “buy” rating on shares of Restaurant Group PLC in a report on Wednesday, July 27th. N+1 Singer raised Restaurant Group PLC to a “buy” rating and boosted their target price for the stock from GBX 280 ($3.47) to GBX 480 ($5.94) in a report on Monday, September 26th. Finally, Barclays PLC reissued an “equal weight” rating and issued a GBX 321 ($3.97) target price on shares of Restaurant Group PLC in a report on Tuesday, August 30th.
In related news, insider Tye,Michael bought 7,284 shares of Restaurant Group PLC stock in a transaction that occurred on Tuesday, August 30th. The stock was purchased at an average cost of GBX 410 ($5.07) per share, with a total value of £29,864.40 ($36,960.89). Also, insider Hewitt,Debbie Howard acquired 17,325 shares of Restaurant Group PLC stock in a transaction dated Friday, August 26th. The shares were acquired at an average price of GBX 433 ($5.36) per share, with a total value of £75,017.25 ($92,843.13).
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Shares of Restaurant Group PLC (LON:RTN) traded up 0.51% on Thursday, hitting GBX 357.20. The stock had a trading volume of 948,607 shares. Restaurant Group PLC has a 12 month low of GBX 229.85 and a 12 month high of GBX 728.00. The firm has a 50 day moving average of GBX 385.48 and a 200 day moving average of GBX 350.76. The stock’s market cap is GBX 714.76 million.
The business also recently announced a dividend, which will be paid on Thursday, October 13th. Investors of record on Thursday, September 15th will be paid a GBX 6.80 ($0.08) dividend. This represents a yield of 1.61%. The ex-dividend date is Thursday, September 15th.
About Restaurant Group PLC
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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