Ignite Restaurant Group PT Raised to $16.50 (IRG)
Equities researchers at Raymond James increased their target price on shares of Ignite Restaurant Group (NYSE: IRG) from $15.00 to $16.50 in a report issued on Friday. The firm currently has an “outperform” rating on the stock.
Ignite Restaurant Group (NYSE: IRG) traded up 0.74% on Friday, hitting $14.99. Ignite Restaurant Group has a 1-year low of $10.80 and a 1-year high of $19.87. The stock’s 50-day moving average is currently $14.54. The company has a market cap of $384.3 million and a price-to-earnings ratio of 26.34.
Several other analysts have also recently commented on the stock. Analysts at KeyBanc upgraded shares of Ignite Restaurant Group from a “hold” rating to a “buy” rating in a research note to investors on Friday. Analysts at Robert W. Baird downgraded shares of Ignite Restaurant Group from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, February 7th. They now have a $15.00 price target on the stock, down previously from $18.00.
One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $17.17.
Ignite Restaurant Group, Inc. (NYSE: IRG) is a brand for restaurants. The Company operates two restaurant businesses, Joe’s Crab Shack and Brick House Tavern+Tap.
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