Peel Hunt Lowers Restaurant Group (RTN) Price Target to GBX 220

Restaurant Group (LON:RTN) had its price target decreased by Peel Hunt from GBX 250 ($3.45) to GBX 220 ($3.04) in a research report sent to investors on Monday, February 26th. Peel Hunt currently has a reduce rating on the stock.

RTN has been the topic of a number of other research reports. HSBC upgraded shares of Restaurant Group to a hold rating and set a GBX 265 ($3.66) price target on the stock in a report on Friday, February 16th. JPMorgan Chase & Co. decreased their price target on shares of Restaurant Group from GBX 380 ($5.25) to GBX 360 ($4.97) and set an overweight rating for the company in a research note on Tuesday, January 2nd. Berenberg Bank reduced their price objective on shares of Restaurant Group from GBX 300 ($4.14) to GBX 230 ($3.18) and set a sell rating for the company in a report on Thursday, February 15th. Liberum Capital reiterated a buy rating and set a GBX 430 ($5.94) price objective on shares of Restaurant Group in a report on Thursday, January 25th. Finally, Shore Capital restated a buy rating on shares of Restaurant Group in a report on Wednesday, February 7th. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of GBX 316.92 ($4.38).

Restaurant Group (LON:RTN) traded down GBX 3.20 ($0.04) during midday trading on Monday, hitting GBX 259 ($3.58). 1,440,000 shares of the company traded hands, compared to its average volume of 1,030,000. Restaurant Group has a twelve month low of GBX 229.20 ($3.17) and a twelve month high of GBX 381.70 ($5.27). The firm has a market cap of $520.76 and a price-to-earnings ratio of 1,618.75.

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Restaurant Group Company Profile

The Restaurant Group plc is a United Kingdom-based company, which operates over 500 restaurants and pub restaurants. The Company operates through operating restaurants segment. Its portfolio covers a range of categories, including table service, counter service, sandwich shops, pubs and bars. The Company’s principal trading brands include Frankie & Benny’s, Chiquito and Coast to Coast.

Analyst Recommendations for Restaurant Group (LON:RTN)

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