Restaurant Group (RTN) Given “Buy” Rating at Canaccord Genuity

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Canaccord Genuity restated their buy rating on shares of Restaurant Group (LON:RTN) in a research report sent to investors on Monday morning, Digital Look reports. The firm currently has a GBX 185 ($2.42) target price on the stock.

Several other research firms have also issued reports on RTN. UBS Group upgraded shares of Restaurant Group to a neutral rating and reduced their target price for the stock from GBX 172 ($2.25) to GBX 155 ($2.03) in a research note on Thursday, January 10th. Peel Hunt restated a hold rating on shares of Restaurant Group in a research report on Friday, January 18th. Royal Bank of Canada began coverage on shares of Restaurant Group in a research report on Thursday, January 31st. They set an outperform rating and a GBX 200 ($2.61) price target for the company. Berenberg Bank reduced their price target on shares of Restaurant Group from GBX 270 ($3.53) to GBX 170 ($2.22) and set a hold rating for the company in a research report on Thursday, January 17th. Finally, Liberum Capital restated a hold rating and set a GBX 180 ($2.35) price target on shares of Restaurant Group in a research report on Thursday, January 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of GBX 188.64 ($2.46).

LON RTN opened at GBX 127.10 ($1.66) on Monday. Restaurant Group has a 1 year low of GBX 110.10 ($1.44) and a 1 year high of GBX 244.41 ($3.19). The company has a debt-to-equity ratio of 79.62, a current ratio of 0.57 and a quick ratio of 0.40. The firm has a market capitalization of $616.95 million and a PE ratio of 52.96.

The business also recently declared a dividend, which will be paid on Friday, July 5th. Investors of record on Thursday, June 6th will be given a dividend of GBX 1.47 ($0.02) per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a yield of 1.25%. Restaurant Group’s payout ratio is currently 2.50%.

Restaurant Group Company Profile

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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