The Restaurant Group PLC’s (RTN) Sell Rating Reiterated at Berenberg Bank

The Restaurant Group PLC’s (RTN) Sell Rating Reiterated at Berenberg Bank

A number of other research analysts also recently weighed in on RTN. Peel Hunt restated a hold rating and set a GBX 350 ($4.50) price objective on shares of Restaurant Group PLC in a research report on Friday, May 26th. N+1 Singer restated a buy rating on shares of Restaurant Group PLC in a research report on Friday, May 26th. JPMorgan Chase & Co. upgraded shares of Restaurant Group PLC to an overweight rating and increased their price objective for the company from GBX 340 ($4.37) to GBX 380 ($4.88) in a research report on Friday, May 26th. Panmure Gordon restated a hold rating on shares of Restaurant Group PLC in a research report on Friday, May 26th. Finally, Numis Securities Ltd restated a buy rating and set a GBX 430 ($5.52) price objective on shares of Restaurant Group PLC in a research report on Wednesday, March 8th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. Restaurant Group PLC currently has an average rating of Hold and an average price target of GBX 374.17 ($4.81).

Berenberg Bank restated their sell rating on shares of Restaurant Group PLC (LON:RTN) in a report published on Wednesday. Berenberg Bank currently has a GBX 300 ($3.85) price target on the stock.

Shares of Restaurant Group PLC (LON RTN) opened at 365.04 on Wednesday. Restaurant Group PLC has a 52 week low of GBX 229.85 and a 52 week high of GBX 437.50. The stock’s market cap is GBX 731.45 million. The stock’s 50 day moving average is GBX 348.21 and its 200 day moving average is GBX 337.00.

The company also recently disclosed a dividend, which will be paid on Friday, July 7th. Stockholders of record on Thursday, June 15th will be paid a GBX 10.60 ($0.14) dividend. The ex-dividend date is Thursday, June 15th. This is a boost from Restaurant Group PLC’s previous dividend of $6.80. This represents a dividend yield of 2.86%. In other news, insider Andy McCue acquired 5,617 shares of Restaurant Group PLC stock in a transaction dated Friday, March 31st. The stock was purchased at an average cost of GBX 335 ($4.30) per share, with a total value of £18,816.95 ($24,170.78).

About Restaurant Group PLC 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:RTN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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