Restaurant Group (LON:RTN)‘s stock had its “reduce” rating reaffirmed by investment analysts at Peel Hunt in a research report issued on Tuesday. They presently have a GBX 260 ($3.40) price objective on the stock. Peel Hunt’s target price would suggest a potential upside of 5.09% from the stock’s previous close.
A number of other analysts also recently weighed in on RTN. Numis Securities reissued a “buy” rating and set a GBX 400 ($5.23) price target on shares of Restaurant Group in a research report on Friday, August 31st. Liberum Capital reissued a “buy” rating and set a GBX 350 ($4.57) price target on shares of Restaurant Group in a research report on Tuesday. Shore Capital reissued a “buy” rating on shares of Restaurant Group in a research report on Tuesday, September 11th. Barclays raised their price target on shares of Restaurant Group from GBX 295 ($3.85) to GBX 320 ($4.18) and gave the stock an “equal weight” rating in a research report on Tuesday, October 2nd. Finally, Canaccord Genuity reissued a “buy” rating and set a GBX 380 ($4.97) price target on shares of Restaurant Group in a research report on Friday, August 31st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 314.50 ($4.11).
Shares of LON:RTN opened at GBX 247.40 ($3.23) 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 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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