Restaurant Group (RTN) Stock Rating Upgraded by HSBC
Restaurant Group (LON:RTN) was upgraded by analysts at HSBC to a “buy” rating in a report released on Thursday. The brokerage currently has a GBX 370 ($4.83) target price on the stock, up from their prior target price of GBX 265 ($3.46). HSBC’s price target would suggest a potential upside of 25.42% from the stock’s previous close.
Other analysts also recently issued reports about the company. Peel Hunt restated a “sell” rating and issued a GBX 220 ($2.87) price target on shares of Restaurant Group in a research note on Tuesday, August 28th. Berenberg Bank upgraded Restaurant Group to a “hold” rating and boosted their price target for the company from GBX 250 ($3.27) to GBX 270 ($3.53) in a research note on Monday, September 3rd. Numis Securities restated a “buy” rating and issued a GBX 400 ($5.23) price target on shares of Restaurant Group in a research note on Friday, August 31st. Canaccord Genuity reduced their price target on Restaurant Group from GBX 380 ($4.97) to GBX 360 ($4.70) and set a “buy” rating for the company in a research note on Thursday, September 13th. Finally, Barclays boosted their price target on Restaurant Group from GBX 295 ($3.85) to GBX 320 ($4.18) and gave the company an “equal weight” rating in a research note on Tuesday, October 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. Restaurant Group presently has a consensus rating of “Hold” and a consensus price target of GBX 328.50 ($4.29).
Shares of LON RTN opened at GBX 295 ($3.85) on Thursday. Restaurant Group has a 12 month low of GBX 229.20 ($2.99) and a 12 month 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.
Receive News & Ratings for Restaurant Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restaurant Group and related companies with MarketBeat.com's FREE daily email newsletter.