Restaurant Group PLC (LON:RTN) had its price target increased by Berenberg Bank from GBX 300 ($3.92) to GBX 350 ($4.57) in a research report sent to investors on Wednesday morning. They currently have a hold rating on the stock.
Several other research firms also recently commented on RTN. Beaufort Securities restated a hold rating on shares of Restaurant Group PLC in a research note on Tuesday, August 30th. Panmure Gordon upped their price target on shares of Restaurant Group PLC from GBX 335 ($4.37) to GBX 410 ($5.35) and gave the company a hold rating in a research note on Thursday, September 15th. Shore Capital restated a buy rating on shares of Restaurant Group PLC in a research note on Wednesday, July 27th. Canaccord Genuity restated a buy rating and issued a GBX 545 ($7.11) price target on shares of Restaurant Group PLC in a research note on Tuesday, September 20th. Finally, JPMorgan Chase & Co. upped their price target on shares of Restaurant Group PLC from GBX 330 ($4.31) to GBX 390 ($5.09) and gave the company a neutral rating in a research note on Tuesday, August 30th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of GBX 461.07 ($6.02).
Restaurant Group PLC (LON:RTN) opened at 386.40 on Wednesday. Restaurant Group PLC has a 52 week low of GBX 229.85 and a 52 week high of GBX 728.00. The firm has a 50 day moving average of GBX 395.84 and a 200-day moving average of GBX 352.25. The company’s market capitalization is GBX 773.19 million.
The firm also recently disclosed a dividend, which will be paid on Thursday, October 13th. Investors of record on Thursday, September 15th will be issued a GBX 6.80 ($0.09) dividend. The ex-dividend date is Thursday, September 15th. This represents a yield of 1.61%.
In other Restaurant Group PLC news, insider Tye,Michael acquired 7,284 shares of the company’s stock in a transaction that occurred on Tuesday, August 30th. The stock was acquired at an average price of GBX 410 ($5.35) per share, for a total transaction of £29,864.40 ($38,982.38). Also, insider Hewitt,Debbie Howard acquired 17,325 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The stock was acquired at an average price of GBX 433 ($5.65) per share, with a total value of £75,017.25 ($97,920.96).
About Restaurant Group PLC
The Restaurant Group plc is a United Kingdom-based Company, which operates over 470 restaurants and pub restaurants. The Company’s 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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