Other equities research analysts have also recently issued reports about the company. JPMorgan Chase & Co. reduced their price objective on Restaurant Group from GBX 380 ($5.25) to GBX 360 ($4.97) and set an overweight rating for the company in a research report on Tuesday, December 12th. Peel Hunt reduced their price objective on Restaurant Group from GBX 275 ($3.80) to GBX 250 ($3.45) and set a reduce rating for the company in a research report on Wednesday, December 20th. Liberum Capital reissued a buy rating and issued a GBX 430 ($5.94) price objective on shares of Restaurant Group in a research report on Thursday, January 25th. Numis Securities reissued a buy rating and issued a GBX 400 ($5.53) price objective on shares of Restaurant Group in a research report on Thursday, January 25th. Finally, Canaccord Genuity reduced their price objective on Restaurant Group from GBX 400 ($5.53) to GBX 380 ($5.25) and set a buy rating for the company in a research report on Thursday, January 25th. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of GBX 317.69 ($4.39).
Shares of Restaurant Group (LON RTN) opened at GBX 251 ($3.47) on Wednesday. The stock has a market capitalization of $504.68 and a P/E 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).
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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.
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