Other research analysts also recently issued reports about the company. Numis Securities Ltd reiterated a buy rating and issued a GBX 490 ($6.40) target price on shares of Restaurant Group PLC in a research note on Friday, August 26th. Canaccord Genuity upgraded Restaurant Group PLC to a buy rating and lifted their target price for the company from GBX 276 ($3.60) to GBX 550 ($7.18) in a research note on Friday, August 12th. Shore Capital reiterated a buy rating on shares of Restaurant Group PLC in a research note on Wednesday, July 27th. Barclays PLC reiterated an equal weight rating and issued a GBX 321 ($4.19) target price on shares of Restaurant Group PLC in a research note on Tuesday, August 30th. Finally, Peel Hunt reiterated a hold rating and issued a GBX 270 ($3.52) target price on shares of Restaurant Group PLC in a research note on Wednesday, June 15th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of GBX 461.07 ($6.02).
Shares of Restaurant Group PLC (LON:RTN) opened at 358.30 on Wednesday. The stock’s 50 day moving average price is GBX 391.98 and its 200-day moving average price is GBX 352.21. Restaurant Group PLC has a 52 week low of GBX 229.85 and a 52 week high of GBX 728.00. The stock’s market cap is GBX 716.96 million.
The business also recently declared a dividend, which will be paid on Thursday, October 13th. Shareholders of record on Thursday, September 15th will be given a dividend of GBX 6.80 ($0.09) per share. This represents a yield of 1.61%. The ex-dividend date is Thursday, September 15th.
In related news, insider Tye,Michael purchased 7,284 shares of the company’s stock in a transaction on Tuesday, August 30th. The stock was bought at an average price of GBX 410 ($5.35) per share, with a total value of £29,864.40 ($38,982.38). Also, insider Hewitt,Debbie Howard purchased 17,325 shares of the company’s stock in a transaction on Friday, August 26th. The shares were bought at an average cost of GBX 433 ($5.65) per share, with a total value of £75,017.25 ($97,920.96).
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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