Revolution Bars Group’s (RBG) Buy Rating Reiterated at Canaccord Genuity

Canaccord Genuity reissued their buy rating on shares of Revolution Bars Group (LON:RBG) in a research note published on Friday. Canaccord Genuity currently has a GBX 230 ($3.10) price target on the stock.

Several other analysts also recently issued reports on RBG. Peel Hunt increased their price objective on shares of Revolution Bars Group from GBX 203 ($2.73) to GBX 215 ($2.89) and gave the company a hold rating in a research report on Tuesday, October 3rd. FinnCap reissued a hold rating and set a GBX 203 ($2.73) price target on shares of Revolution Bars Group in a research report on Monday, October 9th. Finally, Numis Securities reissued an add rating and set a GBX 200 ($2.69) price target on shares of Revolution Bars Group in a research report on Monday, October 23rd.

Shares of Revolution Bars Group (LON RBG) opened at GBX 160 ($2.15) on Friday. Revolution Bars Group has a 1 year low of GBX 99 ($1.33) and a 1 year high of GBX 247.96 ($3.34).

Revolution Bars Group (LON:RBG) last issued its quarterly earnings data on Tuesday, October 3rd. The company reported GBX 14.20 ($0.19) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 13.10 ($0.18) by GBX 1.10 ($0.01). Revolution Bars Group had a net margin of 0.41% and a return on equity of 1.25%. The company had revenue of £130.47 million during the quarter.

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Revolution Bars Group Company Profile

Revolution Bars Group plc is a United Kingdom-based operator of bars. The Company has a trading portfolio of approximately 60 bars located predominantly in town or city high streets, which operate under the Revolution and Revolucion de Cuba brands. The Company’s bars focus on a drinks and food-led offering, and typically trade from late morning, during the day and into late evening.

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