Restaurant Group PLC’s (RTN) “Buy” Rating Reiterated at Canaccord Genuity
Other research analysts have also issued research reports about the stock. Panmure Gordon reiterated a hold rating and issued a GBX 335 ($4.37) price objective on shares of Restaurant Group PLC in a report on Friday, August 12th. Peel Hunt raised their price objective on shares of Restaurant Group PLC from GBX 270 ($3.52) to GBX 380 ($4.96) and gave the company a hold rating in a report on Friday, August 12th. Barclays PLC dropped their price objective on shares of Restaurant Group PLC from GBX 475 ($6.20) to GBX 321 ($4.19) and set an equal weight rating for the company in a report on Monday, June 20th. Numis Securities Ltd reiterated a buy rating and issued a GBX 490 ($6.40) price objective on shares of Restaurant Group PLC in a report on Friday, August 26th. Finally, JPMorgan Chase & Co. reiterated a neutral rating and issued a GBX 330 ($4.31) price objective on shares of Restaurant Group PLC in a report on Monday, August 15th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. Restaurant Group PLC has an average rating of Hold and a consensus price target of GBX 462.40 ($6.04).
Shares of Restaurant Group PLC (LON:RTN) opened at 392.00 on Tuesday. Restaurant Group PLC has a 12 month low of GBX 229.85 and a 12 month high of GBX 728.00. The company’s market cap is GBX 784.39 million. The stock has a 50 day moving average of GBX 392.14 and a 200-day moving average of GBX 355.04.
The business also recently disclosed a dividend, which will be paid on Thursday, October 13th. Stockholders of record on Thursday, September 15th will be given a dividend of GBX 6.80 ($0.09) per share. This represents a dividend yield of 1.61%. The ex-dividend date is Thursday, September 15th.
In related news, insider Tye,Michael acquired 7,284 shares of Restaurant Group PLC stock in a transaction dated Tuesday, August 30th. The stock was bought at an average price of GBX 410 ($5.35) per share, with a total value of £29,864.40 ($38,982.38). Also, insider Hewitt,Debbie Howard acquired 17,325 shares of Restaurant Group PLC stock in a transaction dated Friday, August 26th. The shares were bought at an average cost of GBX 433 ($5.65) per share, with a total value of £75,017.25 ($97,920.96).
About Restaurant Group PLC
The Restaurant Group plc is a United Kingdom-based Company, which operates over 470 restaurants and pub restaurants. The Company’s 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.
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