Restaurant Group PLC (LON:RTN) had its target price raised by Berenberg Bank from GBX 300 ($3.92) to GBX 350 ($4.57) in a report issued on Wednesday. The brokerage currently has a hold rating on the stock.
Other equities analysts have also recently issued reports about the stock. Canaccord Genuity raised shares of Restaurant Group PLC to a buy rating and boosted their price objective for the company from GBX 276 ($3.60) to GBX 550 ($7.18) in a research note on Friday, August 12th. Shore Capital restated a buy rating on shares of Restaurant Group PLC in a research report on Wednesday, July 27th. Numis Securities Ltd restated a buy rating and set a GBX 370 ($4.83) target price on shares of Restaurant Group PLC in a research report on Monday, July 25th. N+1 Singer upgraded shares of Restaurant Group PLC to a buy rating and boosted their target price for the stock from GBX 280 ($3.65) to GBX 480 ($6.27) in a research report on Monday. Finally, Barclays PLC restated an equal weight rating and set a GBX 321 ($4.19) target price on shares of Restaurant Group PLC in a research report on Tuesday, August 30th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of GBX 461.07 ($6.02).
Shares of Restaurant Group PLC (LON:RTN) opened at 374.30 on Wednesday. The company’s 50-day moving average is GBX 395.62 and its 200-day moving average is GBX 352.47. Restaurant Group PLC has a one year low of GBX 229.85 and a one year high of GBX 728.00. The stock’s market capitalization is GBX 748.97 million.
The business also recently disclosed a dividend, which will be paid on Thursday, October 13th. Stockholders of record on Thursday, September 15th will be paid a dividend of GBX 6.80 ($0.09) per share. This represents a dividend yield of 1.61%. The ex-dividend date is Thursday, September 15th.
In related news, insider Tye,Michael acquired 7,284 shares of the company’s stock in a transaction dated 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 acquired 17,325 shares of the company’s stock in a transaction dated 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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