Shares of Restaurant Group PLC (LON:RTN) have been given an average rating of “Hold” by the seventeen brokerages that are presently covering the firm. Two research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is GBX 459.71 ($5.60).
RTN has been the subject of a number of research reports. Panmure Gordon reiterated a “hold” rating and set a GBX 335 ($4.08) price target on shares of Restaurant Group PLC in a research report on Friday, August 12th. Barclays PLC cut their price objective on Restaurant Group PLC from GBX 475 ($5.79) to GBX 321 ($3.91) and set an “equal weight” rating for the company in a research report on Monday, June 20th. Peel Hunt lifted their price objective on Restaurant Group PLC from GBX 270 ($3.29) to GBX 380 ($4.63) and gave the stock a “hold” rating in a research report on Friday, August 12th. N+1 Singer upgraded Restaurant Group PLC to a “buy” rating and lifted their price objective for the stock from GBX 280 ($3.41) to GBX 480 ($5.85) in a research report on Monday, September 26th. Finally, Canaccord Genuity cut their price objective on Restaurant Group PLC from GBX 550 ($6.70) to GBX 545 ($6.64) and set a “buy” rating for the company in a research report on Wednesday, September 7th.
In related news, insider Tye,Michael purchased 7,284 shares of the stock in a transaction that occurred on Tuesday, August 30th. The stock was purchased at an average cost of GBX 410 ($5.00) per share, for a total transaction of £29,864.40 ($36,397.81). Also, insider Hewitt,Debbie Howard purchased 17,325 shares of the stock in a transaction that occurred on Friday, August 26th. The stock was bought at an average price of GBX 433 ($5.28) per share, with a total value of £75,017.25 ($91,428.70).
Restaurant Group PLC (LON:RTN) opened at 353.40 on Thursday. The firm’s market capitalization is GBX 707.15 million. Restaurant Group PLC has a 1-year low of GBX 229.85 and a 1-year high of GBX 728.00. The firm’s 50-day moving average price is GBX 379.37 and its 200-day moving average price is GBX 350.11.
The business also recently declared a dividend, which was paid on Thursday, October 13th. Investors of record on Thursday, September 15th were issued a GBX 6.80 ($0.08) dividend. The ex-dividend date of this dividend was Thursday, September 15th. This represents a yield of 1.61%.
Restaurant Group PLC Company Profile
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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