Peel Hunt Cuts Restaurant Group (RTN) Price Target to GBX 250

Restaurant Group (LON:RTN) had its target price reduced by Peel Hunt from GBX 275 ($3.70) to GBX 250 ($3.36) in a report issued on Wednesday. They currently have a reduce rating on the stock.

Other equities analysts have also issued research reports about the company. Numis Securities reaffirmed a buy rating and issued a GBX 430 ($5.79) price target on shares of Restaurant Group in a research report on Wednesday, August 23rd. Citigroup reissued a buy rating and issued a GBX 425 ($5.72) target price on shares of Restaurant Group in a research report on Friday, September 1st. Liberum Capital reissued a buy rating and issued a GBX 430 ($5.79) target price on shares of Restaurant Group in a research report on Thursday, August 31st. Shore Capital reissued a buy rating on shares of Restaurant Group in a research report on Thursday, August 31st. Finally, N+1 Singer reissued a buy rating and issued a GBX 415 ($5.59) target price on shares of Restaurant Group in a research report on Thursday, August 31st. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of GBX 352.31 ($4.74).

Restaurant Group (LON:RTN) opened at GBX 297 ($4.00) on Wednesday. The stock has a market capitalization of $589.63 and a PE ratio of -3,712.50. Restaurant Group has a 52-week low of GBX 273.40 ($3.68) and a 52-week high of GBX 386.92 ($5.21).

In other news, insider Andy McCue purchased 20,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was acquired at an average cost of GBX 278 ($3.74) per share, for a total transaction of £55,600 ($74,831.76).

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Restaurant Group 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.

Analyst Recommendations for Restaurant Group (LON:RTN)

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