Restaurant Group (RTN) Stock Rating Reaffirmed by Shore Capital

Shore Capital reiterated their buy rating on shares of Restaurant Group (LON:RTN) in a report published on Wednesday.

RTN has been the topic of several other reports. Peel Hunt reaffirmed a reduce rating and issued a GBX 250 ($3.51) price target on shares of Restaurant Group in a report on Friday, January 19th. JPMorgan Chase & Co. lowered their target price on shares of Restaurant Group from GBX 380 ($5.33) to GBX 360 ($5.05) and set an overweight rating for the company in a research note on Tuesday, January 2nd. Liberum Capital reiterated a buy rating and set a GBX 430 ($6.03) target price on shares of Restaurant Group in a research note on Thursday, January 25th. Canaccord Genuity lowered their target price on shares of Restaurant Group from GBX 400 ($5.61) to GBX 380 ($5.33) and set a buy rating for the company in a research note on Thursday, January 25th. Finally, Deutsche Bank lowered their target price on shares of Restaurant Group from GBX 290 ($4.07) to GBX 225 ($3.15) and set a sell rating for the company in a research note on Friday, February 2nd. Five research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of GBX 343.46 ($4.82).

Shares of Restaurant Group (LON:RTN) opened at GBX 257.20 ($3.61) on Wednesday. The stock has a market cap of $515.54 and a price-to-earnings ratio of -3,215.00. Restaurant Group has a twelve month low of GBX 240 ($3.37) and a twelve month high of GBX 386.92 ($5.43).

In other news, insider Andy McCue purchased 20,000 shares of the stock in a transaction dated Wednesday, November 15th. The stock was acquired at an average price of GBX 278 ($3.90) per share, for a total transaction of £55,600 ($77,958.50).

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Restaurant Group Company Profile

The Restaurant Group plc is a United Kingdom-based company, which operates over 500 restaurants and pub restaurants. The Company operates through operating restaurants segment. Its 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.

Analyst Recommendations for Restaurant Group (LON:RTN)

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