Restaurant Group PLC (RTN) Receives GBX 459.71 Average PT from Analysts
Restaurant Group PLC (LON:RTN) has earned an average recommendation of “Hold” from the seventeen brokerages that are covering the firm. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is GBX 459.71 ($5.69).
A number of analysts have commented on the stock. Panmure Gordon reiterated a “hold” rating and issued a GBX 335 ($4.15) price objective on shares of Restaurant Group PLC in a report on Friday, August 12th. Peel Hunt increased their price objective on shares of Restaurant Group PLC from GBX 270 ($3.34) to GBX 380 ($4.70) and gave the company a “hold” rating in a report on Friday, August 12th. Barclays PLC cut their price target on shares of Restaurant Group PLC from GBX 475 ($5.88) to GBX 321 ($3.97) and set an “equal weight” rating for the company in a report on Monday, June 20th. Numis Securities Ltd restated a “buy” rating and set a GBX 490 ($6.06) price target on shares of Restaurant Group PLC in a report on Friday, August 26th. Finally, N+1 Singer upgraded shares of Restaurant Group PLC to a “buy” rating and raised their price target for the stock from GBX 280 ($3.47) to GBX 480 ($5.94) in a report on Monday, September 26th.
In other Restaurant Group PLC news, insider Tye,Michael purchased 7,284 shares of the firm’s stock in a transaction on Tuesday, August 30th. The stock was bought at an average price of GBX 410 ($5.07) per share, with a total value of £29,864.40 ($36,960.89). Also, insider Hewitt,Debbie Howard purchased 17,325 shares of the firm’s stock in a transaction on Friday, August 26th. The stock was acquired at an average cost of GBX 433 ($5.36) per share, with a total value of £75,017.25 ($92,843.13).
Restaurant Group PLC (LON:RTN) opened at 359.70 on Thursday. The company has a 50-day moving average of GBX 383.13 and a 200-day moving average of GBX 351.35. The company’s market cap is GBX 719.76 million. Restaurant Group PLC has a 52 week low of GBX 229.85 and a 52 week high of GBX 728.00.
The firm also recently declared a dividend, which was paid on Thursday, October 13th. Shareholders of record on Thursday, September 15th were given a GBX 6.80 ($0.08) dividend. The ex-dividend date of this dividend was Thursday, September 15th. This represents a yield of 1.61%.
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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