Restaurant Group (LON:RTN) had its price objective cut by equities researchers at Berenberg Bank from GBX 230 ($3.18) to GBX 220 ($3.04) in a report issued on Tuesday. The firm presently has a “sell” rating on the stock. Berenberg Bank’s target price points to a potential downside of 15.51% from the stock’s previous close.
A number of other analysts have also recently commented on RTN. JPMorgan Chase & Co. lowered their price objective on shares of Restaurant Group from GBX 380 ($5.25) to GBX 360 ($4.97) and set an “overweight” rating for the company in a research report on Tuesday, December 12th. Peel Hunt lowered their price objective on shares of Restaurant Group from GBX 275 ($3.80) to GBX 250 ($3.45) and set a “reduce” rating for the company in a research report on Wednesday, December 20th. Liberum Capital restated a “buy” rating and issued a GBX 430 ($5.94) price objective on shares of Restaurant Group in a research report on Thursday, January 25th. Shore Capital restated a “buy” rating on shares of Restaurant Group in a research report on Thursday, January 25th. Finally, Numis Securities restated a “buy” rating and issued a GBX 400 ($5.53) price objective on shares of Restaurant Group in a research report on Thursday, January 25th. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. Restaurant Group currently has an average rating of “Hold” and a consensus price target of GBX 316.92 ($4.38).
Shares of Restaurant Group (LON RTN) opened at GBX 260.60 ($3.60) on Tuesday. Restaurant Group has a 1-year low of GBX 229.20 ($3.17) and a 1-year high of GBX 381.70 ($5.27). The stock has a market cap of $527.20 and a PE ratio of 1,628.75.
WARNING: This piece was first published by American Banking News and is the property of of American Banking News. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2018/03/14/restaurant-group-rtn-price-target-cut-to-gbx-220.html.
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.
Receive News & Ratings for Restaurant Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restaurant Group and related companies with MarketBeat.com's FREE daily email newsletter.