Revolution Bars Group PLC’s (RBG) Buy Rating Reaffirmed at Numis Securities Ltd

Numis Securities Ltd reaffirmed their buy rating on shares of Revolution Bars Group PLC (LON:RBG) in a report released on Tuesday morning. They currently have a GBX 265 ($3.46) price objective on the stock.

Separately, FinnCap restated a buy rating and issued a GBX 232 ($3.03) price objective on shares of Revolution Bars Group PLC in a report on Tuesday, October 4th.

Shares of Revolution Bars Group PLC (LON:RBG) opened at 159.81 on Tuesday. The company’s market cap is GBX 79.91 million. The firm has a 50-day moving average of GBX 157.42 and a 200 day moving average of GBX 166.57. Revolution Bars Group PLC has a 12 month low of GBX 145.00 and a 12 month high of GBX 197.00.

The firm also recently announced a dividend, which will be paid on Friday, December 9th. Stockholders of record on Thursday, November 10th will be given a GBX 3.30 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, November 10th. This is an increase from Revolution Bars Group PLC’s previous dividend of $1.50. This represents a dividend yield of 2.14%.

In other Revolution Bars Group PLC news, insider Michael Shallow bought 12,903 shares of Revolution Bars Group PLC stock in a transaction dated Tuesday, October 4th. The shares were purchased at an average cost of GBX 155 ($2.02) per share, with a total value of £19,999.65 ($26,105.80).

Revolution Bars Group PLC Company Profile

Revolution Bars Group Limited (Revolution Bars Group) is an operator of bars across the United Kingdom. The Company’s primary business is the sale of food and drinks to customers of its bars all of, which are occupied under leases from third-parties. The Company has a trading portfolio of approximately 58 bars, located in town or city high streets across the United Kingdom, which it operates under the Revolution (53 sites) and Revolucion de Cuba (five sites) brands.

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