The Restaurant Group PLC (RTN) Price Target Cut to GBX 275 by Analysts at Peel Hunt

The Restaurant Group PLC (RTN) Price Target Cut to GBX 275 by Analysts at Peel Hunt

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.

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