Restaurant Group PLC (RTN) Given “Sell” Rating at Berenberg Bank
Restaurant Group PLC (LON:RTN)‘s stock had its “sell” rating restated by stock analysts at Berenberg Bank in a research note issued on Friday. They currently have a GBX 300 ($3.87) target price on the stock. Berenberg Bank’s price target points to a potential downside of 0.79% from the company’s current price.
Other research analysts have also issued reports about the company. N+1 Singer reiterated a “buy” rating on shares of Restaurant Group PLC in a report on Friday, May 26th. Shore Capital restated a “buy” rating on shares of Restaurant Group PLC in a research note on Friday, May 26th. Liberum Capital restated a “buy” rating and issued a GBX 430 ($5.55) price target on shares of Restaurant Group PLC in a research note on Friday, May 26th. Numis Securities Ltd restated a “buy” rating and issued a GBX 430 ($5.55) price target on shares of Restaurant Group PLC in a research note on Wednesday, August 23rd. Finally, Citigroup Inc. restated a “buy” rating and issued a GBX 425 ($5.49) price target on shares of Restaurant Group PLC in a research note on Friday, September 1st. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of GBX 360.38 ($4.65).
Restaurant Group PLC (RTN) opened at 302.30 on Friday. Restaurant Group PLC has a 52-week low of GBX 281.36 and a 52-week high of GBX 410.10. The stock has a 50 day moving average price of GBX 333.20 and a 200 day moving average price of GBX 338.57. The company’s market capitalization is GBX 605.73 million.
Restaurant Group PLC (LON:RTN) last released its earnings results on Thursday, August 31st. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.10. Restaurant Group PLC had a return on equity of 1.24% and a net margin of 0.37%. On average, equities analysts expect that Restaurant Group PLC will post $22.15 earnings per share for the current year.
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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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