FinnCap Reiterates “Buy” Rating for Revolution Bars Group PLC (RBG)
Revolution Bars Group PLC (LON:RBG)‘s stock had its “buy” rating reiterated by equities researchers at FinnCap in a research report issued on Tuesday. They presently have a GBX 232 ($3.03) price target on the stock. FinnCap’s price target suggests a potential upside of 48.24% from the stock’s current price.
Separately, Numis Securities Ltd reissued a “buy” rating and set a GBX 265 ($3.46) target price on shares of Revolution Bars Group PLC in a research note on Wednesday, July 20th.
Shares of Revolution Bars Group PLC (LON:RBG) opened at 156.00 on Tuesday. Revolution Bars Group PLC has a 52 week low of GBX 145.00 and a 52 week high of GBX 197.00. The stock’s market cap is GBX 78.00 million. The firm has a 50-day moving average price of GBX 157.40 and a 200 day moving average price of GBX 166.69.
The firm also recently announced a dividend, which will be paid on Friday, December 9th. Investors of record on Thursday, November 10th will be paid a dividend of GBX 3.30 ($0.04) per share. This represents a yield of 2.14%. The ex-dividend date is Thursday, November 10th. This is an increase from Revolution Bars Group PLC’s previous dividend of $1.50.
In other Revolution Bars Group PLC news, insider Michael Shallow bought 12,903 shares of the firm’s stock in a transaction that occurred on Tuesday, October 4th. The shares were bought at an average price of GBX 155 ($2.02) per share, with a total value of £19,999.65 ($26,105.80).
About Revolution Bars Group PLC
Revolution Bars Group Limited (Revolution Bars Group) is an operator of bars across the United Kingdom. The Company’s primary business is the sale of food and drinks to customers of its bars all of, which are occupied under leases from third-parties. The Company has a trading portfolio of approximately 58 bars, located in town or city high streets across the United Kingdom, which it operates under the Revolution (53 sites) and Revolucion de Cuba (five sites) brands.
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