Restaurant Group PLC’s (RTN) “Buy” Rating Reaffirmed at Liberum Capital
Liberum Capital reaffirmed their buy rating on shares of Restaurant Group PLC (LON:RTN) in a research note released on Friday morning. Liberum Capital currently has a GBX 430 ($5.80) target price on the stock.
A number of other brokerages have also recently commented on RTN. Berenberg Bank reissued a sell rating and issued a GBX 300 ($4.04) price objective on shares of Restaurant Group PLC in a research note on Wednesday, May 31st. Numis Securities Ltd reissued a buy rating and issued a GBX 430 ($5.80) price objective on shares of Restaurant Group PLC in a research note on Wednesday, August 23rd. Citigroup Inc. reissued a buy rating and issued a GBX 425 ($5.73) price objective on shares of Restaurant Group PLC in a research note on Friday, September 1st. J P Morgan Chase & Co reissued an overweight rating and issued a GBX 380 ($5.12) price objective on shares of Restaurant Group PLC in a research note on Friday, September 1st. Finally, Beaufort Securities reissued a hold rating on shares of Restaurant Group PLC in a research note on Friday, September 1st. Five analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of GBX 360.38 ($4.86).
Restaurant Group PLC (RTN) traded up 1.43% during trading on Friday, hitting GBX 304.70. 357,893 shares of the stock traded hands. The stock’s market cap is GBX 610.62 million. The company’s 50 day moving average price is GBX 328.12 and its 200-day moving average price is GBX 337.88. Restaurant Group PLC has a 52-week low of GBX 281.36 and a 52-week high of GBX 410.10.
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The business also recently disclosed a dividend, which will be paid on Thursday, October 12th. Stockholders of record on Thursday, September 14th will be issued a dividend of GBX 6.80 ($0.09) per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a dividend yield of 2.02%.
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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