Revolution Bars Group PLC (RBG) Earns “Buy” Rating from Numis Securities Ltd
Numis Securities Ltd restated their buy rating on shares of Revolution Bars Group PLC (LON:RBG) in a research report sent to investors on Tuesday morning. Numis Securities Ltd currently has a GBX 265 ($3.46) price target on the stock.
Separately, FinnCap restated a buy rating and issued a GBX 232 ($3.03) target price on shares of Revolution Bars Group PLC in a research note on Tuesday.
Revolution Bars Group PLC (LON:RBG) opened at 157.45 on Tuesday. The stock has a 50 day moving average price of GBX 157.35 and a 200 day moving average price of GBX 166.62. The firm’s market cap is GBX 78.73 million. Revolution Bars Group PLC has a 12 month low of GBX 145.00 and a 12 month high of GBX 197.00.
The business also recently declared a dividend, which will be paid on Friday, December 9th. Shareholders of record on Thursday, November 10th will be given a GBX 3.30 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, November 10th. This represents a dividend yield of 2.14%. This is a boost from Revolution Bars Group PLC’s previous dividend of $1.50.
In related news, insider Michael Shallow purchased 12,903 shares of Revolution Bars Group PLC stock in a transaction on Tuesday, October 4th. The stock was bought at an average price of GBX 155 ($2.02) per share, with a total value of £19,999.65 ($26,105.80).
Revolution Bars Group PLC Company Profile
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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