Restaurant Group (LON:RTN) had its price objective lowered by stock analysts at Barclays from GBX 400 ($5.53) to GBX 295 ($4.08) in a research report issued to clients and investors on Thursday. The firm presently has an “equal weight” rating on the stock. Barclays’ price objective would indicate a potential upside of 17.53% from the company’s previous close.
A number of other brokerages have also recently weighed in on RTN. Numis Securities reissued a “buy” rating and issued a GBX 400 ($5.53) price target on shares of Restaurant Group in a research note on Wednesday. Peel Hunt reissued a “reduce” rating and issued a GBX 220 ($3.04) price target on shares of Restaurant Group in a research note on Wednesday. Shore Capital reissued a “buy” rating on shares of Restaurant Group in a research note on Thursday, January 25th. Deutsche Bank lowered their target price on Restaurant Group from GBX 290 ($4.01) to GBX 225 ($3.11) and set a “sell” rating on the stock in a research note on Friday, February 2nd. Finally, JPMorgan Chase & Co. lowered their target price on Restaurant Group from GBX 380 ($5.25) to GBX 360 ($4.97) and set an “overweight” rating on the stock in a research note on Tuesday, December 12th. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. Restaurant Group has an average rating of “Hold” and an average target price of GBX 317.69 ($4.39).
Restaurant Group (LON:RTN) opened at GBX 251 ($3.47) on Thursday. The firm has a market capitalization of $504.68 and a PE ratio of 1,568.75. Restaurant Group has a 12 month low of GBX 229.20 ($3.17) and a 12 month high of GBX 386.92 ($5.35).
About Restaurant Group
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.
Receive News & Ratings for Restaurant Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restaurant Group and related companies with MarketBeat.com's FREE daily email newsletter.