Restaurant Group’s (RTN) Reduce Rating Reaffirmed at Peel Hunt

Restaurant Group (LON:RTN)‘s stock had its “reduce” rating restated by equities researchers at Peel Hunt in a research report issued to clients and investors on Friday. They presently have a GBX 250 ($3.34) price objective on the stock. Peel Hunt’s target price would suggest a potential downside of 16.94% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Liberum Capital restated a “buy” rating and set a GBX 430 ($5.75) price objective on shares of Restaurant Group in a report on Friday, September 22nd. JPMorgan Chase & Co. dropped their price objective on Restaurant Group from GBX 380 ($5.08) to GBX 360 ($4.81) and set an “overweight” rating for the company in a report on Tuesday, January 2nd. dropped their price objective on Restaurant Group from GBX 300 ($4.01) to GBX 265 ($3.54) and set a “reduce” rating for the company in a report on Thursday, September 28th. Finally, Berenberg Bank restated a “sell” rating and set a GBX 300 ($4.01) price objective on shares of Restaurant Group in a report on Friday, September 8th. 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. The stock has an average rating of “Hold” and a consensus target price of GBX 352.31 ($4.71).

Restaurant Group (RTN) traded up GBX 0.20 ($0.00) on Friday, reaching GBX 301 ($4.02). The company had a trading volume of 466,414 shares, compared to its average volume of 874,779. Restaurant Group has a one year low of GBX 273.40 ($3.66) and a one year high of GBX 386.92 ($5.17). The stock has a market cap of $605.21 and a PE ratio of -3,762.50.

In other news, insider Andy McCue bought 20,000 shares of the stock in a transaction on Wednesday, November 15th. The stock was acquired at an average cost of GBX 278 ($3.72) per share, for a total transaction of £55,600 ($74,341.49).

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Restaurant Group 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.

Analyst Recommendations for Restaurant Group (LON:RTN)

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