Berenberg Bank Raises Restaurant Group PLC (RTN) Price Target to GBX 350
Restaurant Group PLC (LON:RTN) had its target price boosted by Berenberg Bank from GBX 300 ($3.92) to GBX 350 ($4.57) in a research report released on Wednesday morning. Berenberg Bank currently has a hold rating on the stock.
Several other analysts have also commented on the stock. N+1 Singer raised shares of Restaurant Group PLC to a buy rating and lifted their price target for the company from GBX 280 ($3.65) to GBX 480 ($6.27) in a research report on Monday, September 26th. Canaccord Genuity reaffirmed a buy rating and set a GBX 545 ($7.11) price target on shares of Restaurant Group PLC in a research report on Tuesday, September 20th. Panmure Gordon boosted their target price on Restaurant Group PLC from GBX 335 ($4.37) to GBX 410 ($5.35) and gave the company a hold rating in a research report on Thursday, September 15th. Citigroup Inc. lowered Restaurant Group PLC to a sell rating and cut their target price for the company from GBX 350 ($4.57) to GBX 320 ($4.18) in a research report on Wednesday, August 31st. Finally, Beaufort Securities reissued a hold rating on shares of Restaurant Group PLC in a research report on Tuesday, August 30th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of GBX 461.07 ($6.02).
Shares of Restaurant Group PLC (LON:RTN) opened at 383.00 on Wednesday. The firm’s market cap is GBX 766.38 million. The stock has a 50 day moving average price of GBX 396.25 and a 200-day moving average price of GBX 352.88. Restaurant Group PLC has a 52-week low of GBX 229.85 and a 52-week high of GBX 728.00.
The company also recently announced a dividend, which will be paid on Thursday, October 13th. Investors of record on Thursday, September 15th will be paid a dividend of GBX 6.80 ($0.09) per share. The ex-dividend date of this dividend is Thursday, September 15th. This represents a dividend yield of 1.61%.
In other news, insider Hewitt,Debbie Howard bought 17,325 shares of the stock in a transaction that occurred on Friday, August 26th. The stock was purchased at an average price of GBX 433 ($5.65) per share, for a total transaction of £75,017.25 ($97,920.96). Also, insider Tye,Michael bought 7,284 shares of the stock in a transaction that occurred on Tuesday, August 30th. The shares were purchased at an average price of GBX 410 ($5.35) per share, with a total value of £29,864.40 ($38,982.38).
Restaurant Group PLC Company Profile
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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