Restaurant Group (RTN) Earns “Buy” Rating from Canaccord Genuity
Restaurant Group (LON:RTN)‘s stock had its “buy” rating reaffirmed by Canaccord Genuity in a research report issued to clients and investors on Friday. They currently have a GBX 190 ($2.48) price objective on the stock. Canaccord Genuity’s target price would suggest a potential upside of 36.30% from the stock’s previous close.
RTN has been the topic of a number of other reports. Peel Hunt restated a “hold” rating on shares of Restaurant Group in a report on Wednesday, February 20th. Barclays decreased their target price on Restaurant Group from GBX 320 ($4.18) to GBX 165 ($2.16) and set an “equal weight” rating on the stock in a report on Wednesday, February 6th. Shore Capital restated a “buy” rating on shares of Restaurant Group in a report on Thursday, January 24th. UBS Group upgraded Restaurant Group to a “neutral” rating and decreased their target price for the stock from GBX 172 ($2.25) to GBX 155 ($2.03) in a report on Thursday, January 10th. Finally, Berenberg Bank decreased their target price on 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 equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 192.50 ($2.52).
Shares of LON RTN opened at GBX 139.40 ($1.82) on Friday. 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 firm has a market capitalization of $684.19 million and a P/E ratio of 8.82. Restaurant Group has a 52-week low of GBX 121 ($1.58) and a 52-week high of GBX 244.41 ($3.19).
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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