Restaurant Group PLC (LON:RTN)‘s stock had its “buy” rating reiterated by N+1 Singer in a research report issued to clients and investors on Wednesday.
RTN has been the subject of a number of other research reports. Beaufort Securities reiterated a “hold” rating on shares of Restaurant Group PLC in a research note on Tuesday, August 30th. Panmure Gordon raised their price objective on 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 set a GBX 545 ($7.11) price objective on shares of Restaurant Group PLC in a research note on Tuesday, September 20th. Finally, JPMorgan Chase & Co. raised their price objective on 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 investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 461.07 ($6.02).
Restaurant Group PLC (LON:RTN) opened at 366.90 on Wednesday. Restaurant Group PLC has a 12-month low of GBX 229.85 and a 12-month high of GBX 728.00. The stock has a 50 day moving average price of GBX 393.67 and a 200-day moving average price of GBX 352.17. The firm’s market cap is GBX 734.17 million.
The business also recently declared 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. This represents a dividend yield of 1.61%. The ex-dividend date is Thursday, September 15th.
In related news, insider Hewitt,Debbie Howard purchased 17,325 shares of the business’s stock in a transaction that occurred on Friday, August 26th. The shares were acquired at an average price of GBX 433 ($5.65) per share, with a total value of £75,017.25 ($97,920.96). Also, insider Tye,Michael purchased 7,284 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The stock was bought at an average cost of GBX 410 ($5.35) per share, for a total transaction of £29,864.40 ($38,982.38).
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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