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).
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.
“Canaccord Genuity Cuts Restaurant Group PLC (RTN) Price Target to GBX 430” was published by sleekmoney and is owned by of sleekmoney. If you are reading this piece of content on another site, it was illegally copied and republished in violation of U.S. and international copyright legislation. The legal version of this piece of content can be accessed at http://sleekmoney.com/canaccord-genuity-reiterates-buy-rating-for-restaurant-group-plc-rtn/1659842.html.
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.
This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/canaccord-genuity-reiterates-buy-rating-for-restaurant-group-plc-rtn/1659842.html
Receive News & Ratings for Restaurant Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restaurant Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.