Restaurant Group PLC’s (RTN) Hold Rating Reaffirmed at Peel Hunt

Restaurant Group PLC (LON:RTN)‘s stock had its “hold” rating reiterated by research analysts at Peel Hunt in a research report issued on Friday. They currently have a GBX 350 ($4.55) price objective on the stock. Peel Hunt’s price objective points to a potential upside of 10.27% from the stock’s previous close.

A number of other equities analysts also recently commented on RTN. JPMorgan Chase & Co. decreased their target price on Restaurant Group PLC from GBX 360 ($4.68) to GBX 330 ($4.29) and set a “neutral” rating for the company in a research note on Thursday, January 26th. Beaufort Securities restated a “hold” rating on shares of Restaurant Group PLC in a research note on Thursday, January 26th. Shore Capital restated a “buy” rating on shares of Restaurant Group PLC in a research note on Tuesday, January 31st. Panmure Gordon decreased their target price on Restaurant Group PLC from GBX 400 ($5.20) to GBX 310 ($4.03) and set a “hold” rating for the company in a research note on Tuesday, January 31st. Finally, Deutsche Bank AG decreased their target price on Restaurant Group PLC from GBX 290 ($3.77) to GBX 265 ($3.45) and set a “sell” rating for the company in a research note on Monday, February 6th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 370.83 ($4.82).

Analyst Recommendations for Restaurant Group PLC (LON:RTN)

Shares of Restaurant Group PLC (LON:RTN) opened at 350.20 on Friday. The firm’s market capitalization is GBX 701.71 million. Restaurant Group PLC has a 12 month low of GBX 229.85 and a 12 month high of GBX 437.50. The company has a 50 day moving average price of GBX 345.88 and a 200-day moving average price of GBX 337.17.

The firm also recently disclosed a dividend, which will be paid on Friday, July 7th. Stockholders of record on Thursday, June 15th will be given a dividend of GBX 10.60 ($0.14) per share. The ex-dividend date is Thursday, June 15th. This is an increase from Restaurant Group PLC’s previous dividend of $6.80. This represents a dividend yield of 2.86%.

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In other Restaurant Group PLC news, insider Andy McCue acquired 5,617 shares of Restaurant Group PLC stock in a transaction dated Friday, March 31st. The stock was acquired at an average cost of GBX 335 ($4.36) per share, for a total transaction of £18,816.95 ($24,478.93).

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.

12 Month Chart for LON:RTN

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