Restaurant Group PLC (RTN) Receives Average Rating of “Hold” from Analysts
Restaurant Group PLC (LON:RTN) has been given a consensus recommendation of “Hold” by the fifteen analysts that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is GBX 362.08 ($4.88).
RTN has been the topic of a number of recent analyst reports. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 380 ($5.12) price objective on shares of Restaurant Group PLC in a report on Friday, September 1st. Deutsche Bank AG reaffirmed a “sell” rating and set a GBX 290 ($3.91) price objective on shares of Restaurant Group PLC in a report on Friday, August 25th. N+1 Singer reaffirmed a “buy” rating and set a GBX 415 ($5.60) price objective on shares of Restaurant Group PLC in a report on Thursday, August 31st. UBS AG lowered Restaurant Group PLC to a “sell” rating and dropped their price objective for the stock from GBX 310 ($4.18) to GBX 275 ($3.71) in a report on Tuesday, May 23rd. Finally, Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 430 ($5.80) price objective on shares of Restaurant Group PLC in a report on Wednesday, August 23rd.
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Shares of Restaurant Group PLC (LON RTN) traded up 2.32% on Wednesday, hitting GBX 299.50. The stock had a trading volume of 232,320 shares. The firm has a 50 day moving average of GBX 328.12 and a 200 day moving average of GBX 337.88. Restaurant Group PLC has a 12 month low of GBX 281.36 and a 12 month high of GBX 410.10. The stock’s market cap is GBX 600.20 million.
The company also recently announced a dividend, which will be paid on Thursday, October 12th. Shareholders of record on Thursday, September 14th will be issued a GBX 6.80 ($0.09) dividend. This represents a yield of 2.02%. The ex-dividend date is Thursday, September 14th.
About Restaurant Group PLC
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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