Restaurant Group (LON:RTN) had its target price cut by Peel Hunt from GBX 250 ($3.27) to GBX 160 ($2.09) in a research report report published on Wednesday morning. They currently have a hold rating on the stock.
Several other equities analysts have also recently issued reports on RTN. Liberum Capital reduced their target price on Restaurant Group from GBX 430 ($5.62) to GBX 350 ($4.57) and set a buy rating on the stock in a research note on Friday, August 31st. Numis Securities reissued a buy rating and set a GBX 400 ($5.23) target price on shares of Restaurant Group in a research note on Friday, August 31st. Canaccord Genuity reissued a buy rating and set a GBX 380 ($4.97) target price on shares of Restaurant Group in a research note on Friday, August 31st. Berenberg Bank raised Restaurant Group to a hold rating and boosted their target price for the company from GBX 250 ($3.27) to GBX 270 ($3.53) in a research note on Monday, September 3rd. Finally, Citigroup reissued a buy rating on shares of Restaurant Group in a research note on Monday, September 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 286.50 ($3.74).
RTN opened at GBX 141 ($1.84) on Wednesday. Restaurant Group has a 52-week low of GBX 229.20 ($2.99) and a 52-week high of GBX 381.70 ($4.99).
In other Restaurant Group news, insider Debbie Howard Hewitt bought 13,659 shares of Restaurant Group stock in a transaction dated Monday, December 3rd. The shares were purchased at an average cost of GBX 146 ($1.91) per share, with a total value of £19,942.14 ($26,057.94).
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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