Canaccord Genuity Reiterates Buy Rating for Restaurant Group (RTN)

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Canaccord Genuity reissued their buy rating on shares of Restaurant Group (LON:RTN) in a research report report published on Tuesday morning. Canaccord Genuity currently has a GBX 360 ($4.70) target price on the stock.

Other equities research analysts also recently issued research reports about the stock. Peel Hunt reissued a sell rating and set a GBX 220 ($2.87) price target on shares of Restaurant Group in a research report on Tuesday, August 28th. Berenberg Bank raised shares of Restaurant Group to a hold rating and raised their price target for the company from GBX 250 ($3.27) to GBX 270 ($3.53) in a research report on Monday, September 3rd. Citigroup reissued a buy rating on shares of Restaurant Group in a research report on Monday, September 3rd. HSBC raised shares of Restaurant Group to a buy rating and raised their price target for the company from GBX 265 ($3.46) to GBX 370 ($4.83) in a research report on Thursday, October 11th. Finally, Barclays raised their price target on shares of Restaurant Group from GBX 295 ($3.85) to GBX 320 ($4.18) and gave the company an equal weight rating in a research report on Tuesday, October 2nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of GBX 314.50 ($4.11).

RTN stock opened at GBX 238.80 ($3.12) on Tuesday. Restaurant Group has a 52-week low of GBX 229.20 ($2.99) and a 52-week high of GBX 381.70 ($4.99).

The business also recently announced a dividend, which was paid on Thursday, October 11th. Shareholders of record on Thursday, September 13th were given a GBX 6.80 ($0.09) dividend. This represents a yield of 2.32%. The ex-dividend date was Thursday, September 13th.

About Restaurant Group

The Restaurant Group plc operates restaurants and pub restaurants in the United Kingdom. Its brands include Frankie & Benny's, Chiquito, Coast to Coast, Brunning & Price, Garfunkel's, and Joe's Kitchen. The company also operates TRG concessions that provide table service, counter service, sandwich shops, pubs, and bars in the United Kingdom's airports.

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Analyst Recommendations for Restaurant Group (LON:RTN)

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