Peel Hunt Reiterates “Reduce” Rating for Restaurant Group (LON:RTN)

Peel Hunt restated their reduce rating on shares of Restaurant Group (LON:RTN) in a research report released on Friday, January 5th. Peel Hunt currently has a GBX 250 ($3.39) price target on the stock.

Other equities research analysts also recently issued reports about the company. reduced their price objective on Restaurant Group from GBX 300 ($4.07) to GBX 265 ($3.59) and set a reduce rating for the company in a research note on Thursday, September 28th. Liberum Capital reissued a buy rating and issued a GBX 430 ($5.83) price objective on shares of Restaurant Group in a research note on Friday, September 22nd. JPMorgan Chase & Co. reduced their price objective on Restaurant Group from GBX 380 ($5.15) to GBX 360 ($4.88) and set an overweight rating for the company in a research note on Tuesday, January 2nd. Finally, Berenberg Bank reissued a sell rating and issued a GBX 300 ($4.07) price objective on shares of Restaurant Group in a research note on Friday, September 8th. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. Restaurant Group presently has a consensus rating of Hold and an average price target of GBX 352.31 ($4.78).

Shares of Restaurant Group (RTN) opened at GBX 278 ($3.77) on Friday. The firm has a market cap of $558.97 and a P/E ratio of -3,475.00. Restaurant Group has a 1-year low of GBX 273.40 ($3.71) and a 1-year high of GBX 386.92 ($5.25).

In other news, insider Andy McCue purchased 20,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was bought at an average cost of GBX 278 ($3.77) per share, with a total value of £55,600 ($75,400.05).

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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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