Restaurant Group (RTN) Trading 9.2% Higher
Shares of Restaurant Group PLC (LON:RTN) traded up 9.2% on Friday . The company traded as high as GBX 143.90 ($1.88) and last traded at GBX 138.20 ($1.81). 1,183,267 shares traded hands during trading, an increase of 9% from the average session volume of 1,090,000 shares. The stock had previously closed at GBX 126.60 ($1.65).
A number of analysts have recently weighed in on the stock. Peel Hunt raised their price target on shares of Restaurant Group from GBX 240 ($3.14) to GBX 250 ($3.27) and gave the stock a “hold” rating in a research report on Friday, November 23rd. HSBC decreased their price target on shares of Restaurant Group from GBX 370 ($4.83) to GBX 305 ($3.99) and set a “buy” rating for the company in a research report on Tuesday, November 20th. UBS Group raised shares of Restaurant Group to a “neutral” rating and decreased their price target for the stock from GBX 172 ($2.25) to GBX 155 ($2.03) in a research report on Thursday, January 10th. Royal Bank of Canada assumed coverage on shares of Restaurant Group in a research report on Thursday, January 31st. They set an “outperform” rating and a GBX 200 ($2.61) price target for the company. Finally, Berenberg Bank decreased their price target on shares of Restaurant Group from GBX 270 ($3.53) to GBX 170 ($2.22) and set a “hold” rating for the company in a research report on Thursday, January 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 209.50 ($2.74).
The company has a debt-to-equity ratio of 16.96, a quick ratio of 0.16 and a current ratio of 0.33. The stock has a market capitalization of $621.36 million and a price-to-earnings ratio of 8.65.
Restaurant Group Company Profile (LON:RTN)
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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