Restaurant Group PLC (RTN) Receives Average Recommendation of “Hold” from Brokerages
Restaurant Group PLC (LON:RTN) has earned a consensus rating of “Hold” from the fifteen ratings firms that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is GBX 359.17 ($4.72).
RTN has been the topic of a number of research analyst reports. Liberum Capital reiterated a “buy” rating and issued a GBX 450 ($5.92) price target on shares of Restaurant Group PLC in a report on Wednesday, July 5th. Shore Capital restated a “buy” rating on shares of Restaurant Group PLC in a report on Friday, August 11th. Numis Securities Ltd restated a “buy” rating and set a GBX 430 ($5.65) target price on shares of Restaurant Group PLC in a report on Wednesday, August 23rd. Deutsche Bank AG restated a “sell” rating and set a GBX 290 ($3.81) target price on shares of Restaurant Group PLC in a report on Friday, August 25th. Finally, Peel Hunt lowered shares of Restaurant Group PLC to a “reduce” rating and reduced their target price for the company from GBX 350 ($4.60) to GBX 300 ($3.94) in a report on Tuesday, August 29th.
Restaurant Group PLC (RTN) traded up 0.07% during mid-day trading on Friday, hitting GBX 307.20. The stock had a trading volume of 185,739 shares. The company has a 50 day moving average price of GBX 308.43 and a 200-day moving average price of GBX 331.69. Restaurant Group PLC has a one year low of GBX 281.36 and a one year high of GBX 393.60. The company’s market cap is GBX 615.63 million.
The company also recently declared a dividend, which was paid on Thursday, October 12th. Investors of record on Thursday, September 14th were paid a dividend of GBX 6.80 ($0.09) per share. This represents a yield of 2.02%. The ex-dividend date was Thursday, September 14th.
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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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