Restaurant Group (RTN) Earns Buy Rating from Numis Securities

Restaurant Group (LON:RTN)‘s stock had its “buy” rating reiterated by analysts at Numis Securities in a research report issued on Thursday. They presently have a GBX 400 ($5.42) price objective on the stock. Numis Securities’ price target suggests a potential upside of 46.41% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Shore Capital reaffirmed a “buy” rating on shares of Restaurant Group in a research report on Thursday. Liberum Capital reaffirmed a “buy” rating and issued a GBX 430 ($5.83) target price on shares of Restaurant Group in a research report on Thursday. JPMorgan Chase & Co. decreased their target price on Restaurant Group from GBX 380 ($5.15) to GBX 360 ($4.88) and set an “overweight” rating on the stock in a research report on Tuesday, December 12th. Peel Hunt reaffirmed a “reduce” rating and issued a GBX 250 ($3.39) target price on shares of Restaurant Group in a research report on Thursday. Finally, decreased their target price on Restaurant Group from GBX 300 ($4.07) to GBX 265 ($3.59) and set a “reduce” rating on the stock in a research 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 an average rating of “Hold” and an average target price of GBX 348.46 ($4.73).

Shares of Restaurant Group (RTN) traded down GBX 5.20 ($0.07) during midday trading on Thursday, reaching GBX 273.20 ($3.70). The company’s stock had a trading volume of 1,675,792 shares, compared to its average volume of 829,248. The firm has a market capitalization of $549.32 and a P/E ratio of -3,415.00. Restaurant Group has a 1 year low of GBX 248 ($3.36) and a 1 year high of GBX 386.92 ($5.25).

In related news, insider Andy McCue purchased 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was acquired at an average cost 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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