Restaurant Group PLC (LON:RTN) was upgraded by equities research analysts at N+1 Singer to a “buy” rating in a research report issued on Monday. The brokerage presently has a GBX 480 ($6.27) price objective on the stock, up from their previous price objective of GBX 280 ($3.65). N+1 Singer’s price target would suggest a potential upside of 28.41% from the company’s previous close.
RTN has been the subject of several other research reports. Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 490 ($6.40) target price on shares of Restaurant Group PLC in a research note on Friday, August 26th. Canaccord Genuity raised shares of Restaurant Group PLC to a “buy” rating and increased their target price for the stock from GBX 276 ($3.60) to GBX 550 ($7.18) in a research note on Friday, August 12th. Shore Capital reaffirmed a “buy” rating on shares of Restaurant Group PLC in a research note on Wednesday, July 27th. Barclays PLC reaffirmed an “equal weight” rating and set a GBX 321 ($4.19) target price on shares of Restaurant Group PLC in a research note on Tuesday, August 30th. Finally, Peel Hunt reaffirmed a “hold” rating and set a GBX 270 ($3.52) target price on shares of Restaurant Group PLC in a research note on Wednesday, June 15th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 461.07 ($6.02).
Restaurant Group PLC (LON:RTN) opened at 381.80 on Monday. Restaurant Group PLC has a 12 month low of GBX 229.85 and a 12 month high of GBX 728.00. The stock has a 50 day moving average of GBX 395.06 and a 200-day moving average of GBX 352.59. The stock’s market cap is GBX 763.98 million.
The business also recently disclosed a dividend, which will be paid on Thursday, October 13th. Shareholders of record on Thursday, September 15th will be issued a dividend of GBX 6.80 ($0.09) per share. The ex-dividend date is Thursday, September 15th. This represents a yield of 1.61%.
In related news, insider Hewitt,Debbie Howard acquired 17,325 shares of the business’s stock in a transaction on Friday, August 26th. The shares were bought at an average price of GBX 433 ($5.65) per share, with a total value of £75,017.25 ($97,920.96). Also, insider Tye,Michael acquired 7,284 shares of the business’s stock in a transaction on Tuesday, August 30th. The shares were bought at an average cost of GBX 410 ($5.35) per share, for a total transaction of £29,864.40 ($38,982.38).
About Restaurant Group PLC
The Restaurant Group plc is a United Kingdom-based Company, which operates over 470 restaurants and pub restaurants. The Company’s 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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