Revolution Bars Group PLC (RBG) Stock Rating Reaffirmed by Numis Securities Ltd
Revolution Bars Group PLC (LON:RBG)‘s stock had its “add” rating reaffirmed by equities research analysts at Numis Securities Ltd in a report released on Monday. They currently have a GBX 200 ($2.66) target price on the stock. Numis Securities Ltd’s price target would suggest a potential upside of 14.29% from the company’s current price.
A number of other research firms also recently weighed in on RBG. FinnCap downgraded shares of Revolution Bars Group PLC to a “hold” rating and increased their price target for the stock from GBX 180 ($2.39) to GBX 203 ($2.70) in a research note on Tuesday, October 3rd. Peel Hunt increased their price target on shares of Revolution Bars Group PLC from GBX 203 ($2.70) to GBX 215 ($2.86) and gave the stock a “hold” rating in a research note on Tuesday, October 3rd. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a GBX 203 ($2.70) price target on shares of Revolution Bars Group PLC in a research note on Monday, October 9th.
Shares of Revolution Bars Group PLC (LON RBG) opened at 175.00 on Monday. The firm’s market cap is GBX 87.50 million. Revolution Bars Group PLC has a 12-month low of GBX 99.00 and a 12-month high of GBX 247.96. The company has a 50-day moving average of GBX 204.76 and a 200 day moving average of GBX 172.89.
Revolution Bars Group PLC (LON:RBG) last posted its quarterly earnings results on Tuesday, October 3rd. The company reported GBX 14.20 ($0.19) earnings per share for the quarter, topping the Zacks’ consensus estimate of GBX 13.10 ($0.17) by GBX 1.10 ($0.01). The company had revenue of £130.47 million for the quarter. Revolution Bars Group PLC had a net margin of 5.77% and a return on equity of 18.25%. Equities research analysts anticipate that Revolution Bars Group PLC will post $16.64 earnings per share for the current fiscal year.
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About Revolution Bars Group PLC
Revolution Bars Group plc is a United Kingdom-based operator of bars. The Company has a trading portfolio of approximately 60 bars located predominantly in town or city high streets, which operate under the Revolution and Revolucion de Cuba brands. The Company’s bars focus on a drinks and food-led offering, and typically trade from late morning, during the day and into late evening.
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