Restaurant Group PLC (LON:RTN) had its target price cut by Peel Hunt from GBX 300 ($3.96) to GBX 275 ($3.63) in a report released on Wednesday. They currently have a reduce rating on the stock.
RTN has been the topic of several other reports. Liberum Capital restated a buy rating and set a GBX 430 ($5.67) target price on shares of Restaurant Group PLC in a report on Friday, September 29th. Beaufort Securities restated a hold rating on shares of Restaurant Group PLC in a report on Friday, September 1st. Citigroup Inc restated a buy rating and set a GBX 425 ($5.61) target price on shares of Restaurant Group PLC in a report on Friday, September 1st. Shore Capital restated a buy rating on shares of Restaurant Group PLC in a report on Thursday, August 31st. Finally, Berenberg Bank restated a sell rating and set a GBX 300 ($3.96) target price on shares of Restaurant Group PLC in a report on Friday, September 8th. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. Restaurant Group PLC has a consensus rating of Hold and an average target price of GBX 355.77 ($4.69).
Shares of Restaurant Group PLC (RTN) traded up 0.37% on Wednesday, reaching GBX 296.80. 336,835 shares of the company were exchanged. The stock has a 50 day moving average price of GBX 303.61 and a 200-day moving average price of GBX 329.63. The stock’s market capitalization is GBX 594.78 million. Restaurant Group PLC has a 12 month low of GBX 281.36 and a 12 month high of GBX 392.40.
The company also recently announced a dividend, which was paid on Thursday, October 12th. Investors of record on Thursday, September 14th were paid a GBX 6.80 ($0.09) dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a dividend yield of 2.02%.
Restaurant Group PLC 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.