Restaurant Group PLC (RTN) Insider Acquires £55,600 in Stock
Restaurant Group PLC (LON:RTN) insider Andy McCue bought 20,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was purchased at an average price of GBX 278 ($3.66) per share, for a total transaction of £55,600 ($73,129.03).
Shares of Restaurant Group PLC (LON:RTN) opened at GBX 277.30 ($3.65) on Thursday. Restaurant Group PLC has a twelve month low of GBX 275.80 ($3.63) and a twelve month high of GBX 386.92 ($5.09).
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Several research firms have weighed in on RTN. Liberum Capital reiterated a “buy” rating and issued a GBX 430 ($5.66) target price on shares of Restaurant Group PLC in a report on Friday, August 11th. Shore Capital reiterated a “buy” rating on shares of Restaurant Group PLC in a report on Friday, August 11th. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 430 ($5.66) target price on shares of Restaurant Group PLC in a report on Wednesday, August 23rd. N+1 Singer reiterated a “buy” rating and issued a GBX 415 ($5.46) target price on shares of Restaurant Group PLC in a report on Thursday, August 31st. Finally, cut their target price on shares of Restaurant Group PLC from GBX 300 ($3.95) to GBX 265 ($3.49) and set a “reduce” rating on the stock in a report on Thursday, September 28th. Five research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. Restaurant Group PLC presently has a consensus rating of “Hold” and a consensus target price of GBX 355.77 ($4.68).
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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