Restaurant Group PLC (LON:RTN) had its target price raised by HSBC Holdings plc from GBX 265 ($3.27) to GBX 300 ($3.71) in a report published on Wednesday. HSBC Holdings plc currently has a reduce rating on the stock.

A number of other research firms also recently issued reports on RTN. Barclays PLC restated an equal weight rating and set a GBX 400 ($4.94) target price (up from GBX 390 ($4.82)) on shares of Restaurant Group PLC in a research report on Tuesday, March 14th. Citigroup Inc lifted their price objective on shares of Restaurant Group PLC from GBX 345 ($4.26) to GBX 425 ($5.25) and gave the company a buy rating in a report on Thursday, March 9th. Canaccord Genuity reaffirmed a buy rating and issued a GBX 430 ($5.31) price objective on shares of Restaurant Group PLC in a report on Thursday, March 9th. JPMorgan Chase & Co. lifted their price objective on shares of Restaurant Group PLC from GBX 330 ($4.08) to GBX 340 ($4.20) and gave the company a neutral rating in a report on Thursday, March 9th. Finally, Panmure Gordon lifted their price objective on shares of Restaurant Group PLC from GBX 310 ($3.83) to GBX 340 ($4.20) and gave the company a hold rating in a report on Thursday, March 9th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of GBX 382.31 ($4.72).

Restaurant Group PLC (LON:RTN) opened at 360.00 on Wednesday. Restaurant Group PLC has a one year low of GBX 229.85 and a one year high of GBX 437.50. The company’s market cap is GBX 721.30 million. The company has a 50 day moving average of GBX 324.92 and a 200-day moving average of GBX 348.56.

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The business also recently announced a dividend, which will be paid on Friday, July 7th. Stockholders of record on Thursday, June 15th will be paid a dividend of GBX 10.60 ($0.13) per share. The ex-dividend date of this dividend is Thursday, June 15th. This represents a dividend yield of 2.86%. This is a boost from Restaurant Group PLC’s previous dividend of $6.80.

Restaurant Group PLC Company Profile

The Restaurant Group plc is a United Kingdom-based company, which operates over 500 restaurants and pub restaurants. The Company operates through operating restaurants segment. Its 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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