HSBC Trims Restaurant Group (RTN) Target Price to GBX 305
Restaurant Group (LON:RTN) had its target price reduced by research analysts at HSBC from GBX 370 ($4.83) to GBX 305 ($3.99) in a report released on Tuesday. The firm presently has a “buy” rating on the stock. HSBC’s target price would indicate a potential upside of 32.79% from the company’s previous close.
Several other equities research analysts have also issued reports on the company. Peel Hunt reaffirmed a “sell” rating and set a GBX 220 ($2.87) price target on shares of Restaurant Group in a research note on Tuesday, August 28th. Citigroup reaffirmed a “buy” rating on shares of Restaurant Group in a research note on Monday, September 3rd. Berenberg Bank raised Restaurant Group to a “hold” rating and lifted their price target for the stock from GBX 250 ($3.27) to GBX 270 ($3.53) in a research note on Monday, September 3rd. Canaccord Genuity dropped their price target on Restaurant Group from GBX 380 ($4.97) to GBX 360 ($4.70) and set a “buy” rating for the company in a research note on Thursday, September 13th. Finally, Liberum Capital reaffirmed a “buy” rating and set a GBX 350 ($4.57) price target on shares of Restaurant Group in a research note on Tuesday, October 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 307 ($4.01).
Shares of RTN stock opened at GBX 229.69 ($3.00) on Tuesday. Restaurant Group has a 12-month low of GBX 229.20 ($2.99) and a 12-month high of GBX 381.70 ($4.99).
The Restaurant Group plc operates restaurants and pub restaurants in the United Kingdom. Its brands include Frankie & Benny's, Chiquito, Coast to Coast, Brunning & Price, Garfunkel's, and Joe's Kitchen. The company also operates TRG concessions that provide table service, counter service, sandwich shops, pubs, and bars in the United Kingdom's airports.
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