Restaurant Group (LON:RTN) was downgraded by analysts at Peel Hunt to a “sell” rating in a research report issued to clients and investors on Thursday.
Several other research analysts have also recently issued reports on the company. Shore Capital reiterated a “buy” rating on shares of Restaurant Group in a research report on Wednesday, February 7th. HSBC upgraded Restaurant Group to a “hold” rating and set a GBX 265 ($3.59) price target for the company in a research report on Friday, February 16th. Numis Securities restated a “buy” rating and issued a GBX 400 ($5.43) price target on shares of Restaurant Group in a research report on Thursday, January 25th. Liberum Capital restated a “buy” rating and issued a GBX 430 ($5.83) price target on shares of Restaurant Group in a research report on Thursday, January 25th. Finally, Deutsche Bank dropped their price target on Restaurant Group from GBX 290 ($3.93) to GBX 225 ($3.05) and set a “sell” rating for the company in a research report on Friday, February 2nd. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 316.92 ($4.30).
Restaurant Group opened at GBX 299.40 ($4.06) on Thursday, MarketBeat Ratings reports. Restaurant Group has a 1 year low of GBX 229.20 ($3.11) and a 1 year high of GBX 381.70 ($5.18).
The Restaurant Group plc operates restaurants and pub restaurants in the United Kingdom. Its brands include Frankie & Benny's, Chiquito, Coast to Coast, Brunning & Price, Joe's Kitchen, and Garfunkel's. The company also operates TRG concessions that provide casual dining, counter service, coffee shops, pubs, and bars in the United Kingdom's airports and railways.
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