Restaurant Group PLC (RTN) PT Raised to GBX 300 at HSBC Holdings plc
Restaurant Group PLC (LON:RTN) had its price target raised by HSBC Holdings plc from GBX 265 ($3.27) to GBX 300 ($3.71) in a research note released on Wednesday. They currently have a reduce rating on the stock.
RTN has been the subject of a number of other research reports. Panmure Gordon cut their price target on Restaurant Group PLC from GBX 400 ($4.94) to GBX 310 ($3.83) and set a hold rating for the company in a research note on Tuesday, January 31st. Numis Securities Ltd reissued a buy rating and set a GBX 430 ($5.31) price objective on shares of Restaurant Group PLC in a report on Friday, December 2nd. Shore Capital reissued a buy rating on shares of Restaurant Group PLC in a report on Monday, December 19th. Deutsche Bank AG reissued a sell rating and set a GBX 290 ($3.58) price objective on shares of Restaurant Group PLC in a report on Thursday, December 8th. Finally, N+1 Singer reissued a hold rating and set a GBX 350 ($4.32) price objective on shares of Restaurant Group PLC in a report on Wednesday, January 25th. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of GBX 382.31 ($4.72).
Restaurant Group PLC (LON:RTN) opened at 360.00 on Wednesday. Restaurant Group PLC has a one year low of GBX 229.85 and a one year high of GBX 437.50. The company’s 50-day moving average price is GBX 324.92 and its 200-day moving average price is GBX 348.56. The stock’s market cap is GBX 721.30 million.
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The firm also recently declared a dividend, which will be paid on Friday, July 7th. Investors of record on Thursday, June 15th will be issued a GBX 10.60 ($0.13) dividend. This is an increase from Restaurant Group PLC’s previous dividend of $6.80. The ex-dividend date of this dividend is Thursday, June 15th. This represents a dividend yield of 2.86%.
Restaurant Group PLC Company Profile
The Restaurant Group plc is a United Kingdom-based company, which operates over 500 restaurants and pub restaurants. The Company operates through operating restaurants segment. Its 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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