Shore Capital Reiterates “Buy” Rating for Restaurant Group (RTN)

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Restaurant Group (LON:RTN)‘s stock had its “buy” rating reaffirmed by investment analysts at Shore Capital in a research report issued to clients and investors on Friday.

A number of other research firms also recently issued reports on RTN. Peel Hunt cut their price target on Restaurant Group from GBX 250 ($3.27) to GBX 160 ($2.09) and set a “hold” rating for the company in a research note on Wednesday, December 5th. HSBC lowered their price objective on Restaurant Group from GBX 370 ($4.83) to GBX 305 ($3.99) and set a “buy” rating on the stock in a research report on Tuesday, November 20th. Liberum Capital reaffirmed a “hold” rating on shares of Restaurant Group in a research report on Thursday, February 14th. Royal Bank of Canada initiated coverage on Restaurant Group in a research report on Thursday, January 31st. They set an “outperform” rating and a GBX 200 ($2.61) price objective on the stock. Finally, Citigroup cut Restaurant Group to a “sell” rating and lowered their price objective for the company from GBX 197 ($2.57) to GBX 120 ($1.57) in a research report on Wednesday, January 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. Restaurant Group currently has an average rating of “Hold” and an average price target of GBX 209.50 ($2.74).

Restaurant Group stock opened at GBX 138.20 ($1.81) on Friday. The stock has a market cap of $621.36 million and a price-to-earnings ratio of 8.75. Restaurant Group has a 52-week low of GBX 121 ($1.58) and a 52-week high of GBX 244.41 ($3.19). The company has a quick ratio of 0.16, a current ratio of 0.33 and a debt-to-equity ratio of 16.96.

About Restaurant Group

The Restaurant Group plc operates restaurants and pub restaurants in the United Kingdom. Its brands include Frankie & Benny's, Chiquito, Coast to Coast, Brunning & Price, Garfunkel's, and Joe's Kitchen. The company also operates TRG concessions that provide table service, counter service, sandwich shops, pubs, and bars in the United Kingdom's airports.

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Analyst Recommendations for Restaurant Group (LON:RTN)

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