Restaurant Group (LON:RTN) was upgraded by research analysts at Peel Hunt to a “buy” rating in a note issued to investors on Friday, ThisIsMoney.Co.Uk reports. The brokerage presently has a GBX 100 ($1.32) target price on the stock, down from their previous target price of GBX 120 ($1.58). Peel Hunt’s price target suggests a potential upside of 112.77% from the company’s current price.
Several other research analysts have also issued reports on the company. Shore Capital reiterated a “buy” rating on shares of Restaurant Group in a report on Wednesday, February 26th. UBS Group reiterated a “sell” rating on shares of Restaurant Group in a report on Friday, February 21st. Royal Bank of Canada cut their price target on Restaurant Group from GBX 170 ($2.24) to GBX 90 ($1.18) and set a “sector performer” rating on the stock in a report on Thursday, March 19th. Berenberg Bank reiterated a “buy” rating on shares of Restaurant Group in a report on Monday, February 10th. Finally, Liberum Capital reiterated a “hold” rating and issued a GBX 110 ($1.45) price target (down previously from GBX 150 ($1.97)) on shares of Restaurant Group in a report on Wednesday, March 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 135 ($1.78).
LON RTN opened at GBX 47 ($0.62) on Friday. The business has a 50 day simple moving average of GBX 90.30 and a 200 day simple moving average of GBX 130.28. Restaurant Group has a one year low of GBX 44.42 ($0.58) and a one year high of GBX 167.70 ($2.21). The stock has a market capitalization of $196.50 million and a P/E ratio of -5.73. The company has a debt-to-equity ratio of 85.44, a current ratio of 0.50 and a quick ratio of 0.32.
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, Firejacks, Wagamama, and Joe's Kitchen. The company also operates TRG concessions that provide table service, counter service, sandwich shops, pubs, and bars.
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