Canaccord Genuity Cuts Restaurant Group PLC (RTN) Price Target to GBX 430

Restaurant Group PLC (LON:RTN) had its target price cut by analysts at Canaccord Genuity from GBX 450 ($5.62) to GBX 430 ($5.37) in a research report issued to clients and investors on Tuesday. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity’s price target would suggest a potential upside of 39.02% from the stock’s previous close.

Several other research firms have also issued reports on RTN. Barclays PLC lifted their price target on shares of Restaurant Group PLC from GBX 321 ($4.01) to GBX 390 ($4.87) and gave the stock an “equal weight” rating in a research report on Wednesday, November 23rd. Shore Capital restated a “buy” rating on shares of Restaurant Group PLC in a research report on Wednesday, January 25th. Peel Hunt decreased their price objective on shares of Restaurant Group PLC from GBX 380 ($4.75) to GBX 300 ($3.75) and set a “hold” rating for the company in a research note on Wednesday, January 25th. N+1 Singer reaffirmed a “hold” rating and issued a GBX 350 ($4.37) price objective on shares of Restaurant Group PLC in a research note on Wednesday, January 25th. Finally, Liberum Capital decreased their price objective on shares of Restaurant Group PLC from GBX 450 ($5.62) to GBX 400 ($5.00) and set a “buy” rating for the company in a research note on Wednesday, January 25th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of GBX 389.69 ($4.87).

Analyst Recommendations for Restaurant Group PLC (LON:RTN)

Restaurant Group PLC (LON:RTN) opened at 308.30 on Tuesday. The stock’s market cap is GBX 616.91 million. Restaurant Group PLC has a 52-week low of GBX 229.85 and a 52-week high of GBX 568.00. The stock has a 50 day moving average price of GBX 322.58 and a 200 day moving average price of GBX 357.27.

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Restaurant Group PLC 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.

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