Restaurant Group (RTN) Receives Reduce Rating from Peel Hunt

Restaurant Group (LON:RTN)‘s stock had its “reduce” rating reaffirmed by equities research analysts at Peel Hunt in a research report issued to clients and investors on Friday. They currently have a GBX 250 ($3.39) target price on the stock. Peel Hunt’s price objective would indicate a potential downside of 2.72% from the stock’s previous close.

RTN has been the subject of several other research reports. JPMorgan Chase & Co. lowered their target price on shares of Restaurant Group from GBX 380 ($5.15) to GBX 360 ($4.88) and set an “overweight” rating for the company in a report on Tuesday, December 12th. Liberum Capital reiterated a “buy” rating and issued a GBX 430 ($5.83) target price on shares of Restaurant Group in a report on Friday, September 29th. Finally, lowered their target price on shares of Restaurant Group from GBX 300 ($4.07) to GBX 265 ($3.59) and set a “reduce” rating for the company in a report on Thursday, September 28th. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 352.31 ($4.78).

Shares of Restaurant Group (RTN) traded down GBX 10.60 ($0.14) during mid-day trading on Friday, hitting GBX 257 ($3.49). 1,372,882 shares of the stock traded hands, compared to its average volume of 808,384. The stock has a market capitalization of $516.74 and a P/E ratio of -3,212.50. Restaurant Group has a 52 week low of GBX 256.20 ($3.47) and a 52 week high of GBX 386.92 ($5.25).

In related news, insider Andy McCue purchased 20,000 shares of Restaurant Group stock in a transaction that occurred on Wednesday, November 15th. The stock was bought at an average price of GBX 278 ($3.77) per share, for a total transaction of £55,600 ($75,400.05).

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About Restaurant Group

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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