Restaurant Group PLC (RTN) Given Average Rating of “Hold” by Analysts
Shares of Restaurant Group PLC (LON:RTN) have earned an average rating of “Hold” from the fourteen brokerages that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 375.50 ($4.86).
A number of equities research analysts recently issued reports on the company. Liberum Capital reaffirmed a “buy” rating and issued a GBX 450 ($5.83) target price on shares of Restaurant Group PLC in a research note on Wednesday. J P Morgan Chase & Co increased their price target on Restaurant Group PLC from GBX 330 ($4.27) to GBX 340 ($4.40) and gave the stock a “neutral” rating in a research note on Thursday, March 9th. Panmure Gordon increased their price target on Restaurant Group PLC from GBX 310 ($4.02) to GBX 340 ($4.40) and gave the stock a “hold” rating in a research note on Thursday, March 9th. Canaccord Genuity reissued a “buy” rating and set a GBX 430 ($5.57) price target on shares of Restaurant Group PLC in a research note on Thursday, March 9th. Finally, Barclays PLC reissued an “equal weight” rating and set a GBX 400 ($5.18) price target on shares of Restaurant Group PLC in a research note on Tuesday, June 13th.
Shares of Restaurant Group PLC (RTN) traded down 0.13% during midday trading on Friday, hitting GBX 318.20. The company had a trading volume of 152,198 shares. The firm’s market capitalization is GBX 637.59 million. The company has a 50-day moving average of GBX 341.18 and a 200 day moving average of GBX 335.82. Restaurant Group PLC has a 12 month low of GBX 251.40 and a 12 month high of GBX 437.50.
About Restaurant Group PLC
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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