Restaurant Group PLC (RTN) Receives Buy Rating from Shore Capital
Restaurant Group PLC (LON:RTN)‘s stock had its “buy” rating reissued by Shore Capital in a research report issued on Friday.
Several other equities research analysts have also recently commented on RTN. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 430 ($5.59) price target on shares of Restaurant Group PLC in a research report on Wednesday, March 8th. JPMorgan Chase & Co. boosted their price target on shares of Restaurant Group PLC from GBX 330 ($4.29) to GBX 340 ($4.42) and gave the stock a “neutral” rating in a research report on Thursday, March 9th. Deutsche Bank AG dropped their price target on shares of Restaurant Group PLC from GBX 290 ($3.77) to GBX 265 ($3.45) and set a “sell” rating on the stock in a research report on Monday, February 6th. Berenberg Bank reiterated a “hold” rating and issued a GBX 350 ($4.55) price target on shares of Restaurant Group PLC in a research report on Thursday, February 9th. Finally, Beaufort Securities reiterated a “hold” rating on shares of Restaurant Group PLC in a research report on Thursday, January 26th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. Restaurant Group PLC presently has an average rating of “Hold” and a consensus price target of GBX 374.17 ($4.87).
Shares of Restaurant Group PLC (LON:RTN) traded up 10.46% during midday trading on Friday, reaching GBX 350.60. 8,617,186 shares of the company were exchanged. The firm’s 50 day moving average is GBX 346.34 and its 200-day moving average is GBX 337.26. The company’s market capitalization is GBX 702.51 million. Restaurant Group PLC has a 52-week low of GBX 229.85 and a 52-week high of GBX 437.50.
The business also recently disclosed a dividend, which will be paid on Friday, July 7th. Shareholders of record on Thursday, June 15th will be issued a dividend of GBX 10.60 ($0.14) per share. This represents a yield of 2.86%. The ex-dividend date of this dividend is Thursday, June 15th. This is an increase from Restaurant Group PLC’s previous dividend of $6.80.
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In related news, insider Andy McCue acquired 5,617 shares of the business’s stock in a transaction on Friday, March 31st. The shares were purchased at an average price of GBX 335 ($4.36) per share, for a total transaction of £18,816.95 ($24,478.93).
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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