Restaurant Group’s (RTN) “Buy” Rating Reiterated at Peel Hunt
Peel Hunt reissued their buy rating on shares of Restaurant Group (LON:RTN) in a report issued on Friday morning, ThisIsMoney.Co.Uk reports.
Other analysts also recently issued reports about the stock. HSBC raised shares of Restaurant Group to a buy rating and dropped their price objective for the stock from GBX 150 ($1.85) to GBX 80 ($0.98) in a report on Tuesday, April 7th. JPMorgan Chase & Co. dropped their price objective on shares of Restaurant Group from GBX 140 ($1.72) to GBX 122 ($1.50) and set an overweight rating for the company in a report on Tuesday, April 14th. Berenberg Bank reaffirmed a hold rating on shares of Restaurant Group in a report on Friday, July 3rd. Royal Bank of Canada dropped their price objective on shares of Restaurant Group from GBX 90 ($1.11) to GBX 70 ($0.86) and set a sector performer rating for the company in a report on Tuesday, April 28th. Finally, Barclays assumed coverage on shares of Restaurant Group in a report on Thursday, June 25th. They set an equal weight rating and a GBX 75 ($0.92) price objective for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. Restaurant Group has an average rating of Hold and an average target price of GBX 92.20 ($1.13).
LON RTN opened at GBX 57.65 ($0.71) on Friday. Restaurant Group has a 52-week low of GBX 20.26 ($0.25) and a 52-week high of GBX 167.70 ($2.06). The company has a debt-to-equity ratio of 86.29, a quick ratio of 0.32 and a current ratio of 0.50. The company has a market capitalization of $257.05 million and a P/E ratio of -6.38. The company has a fifty day moving average of GBX 61.03 and a 200-day moving average of GBX 86.21.
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, Firejacks, Wagamama, and Joe's Kitchen. The company also operates TRG concessions that provide table service, counter service, sandwich shops, pubs, and bars.
Featured Article: How Short Selling Works
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.