Restaurant Group PLC (RTN) PT Lowered to GBX 400 at Canaccord Genuity

Restaurant Group PLC (LON:RTN) had its price objective decreased by Canaccord Genuity from GBX 430 ($5.55) to GBX 400 ($5.17) in a report issued on Tuesday morning. Canaccord Genuity currently has a buy rating on the stock.

RTN has been the subject of a number of other reports. Barclays PLC reiterated an equal weight rating and set a GBX 400 ($5.17) price target on shares of Restaurant Group PLC in a report on Tuesday, June 13th. Liberum Capital reiterated a buy rating and set a GBX 430 ($5.55) price target on shares of Restaurant Group PLC in a report on Friday, August 11th. Citigroup Inc. reiterated a buy rating and set a GBX 425 ($5.49) price target on shares of Restaurant Group PLC in a report on Friday, September 1st. Beaufort Securities reiterated a hold rating on shares of Restaurant Group PLC in a report on Friday, September 1st. Finally, Shore Capital reiterated a buy rating on shares of Restaurant Group PLC in a report on Thursday, August 31st. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of GBX 360.38 ($4.65).

Restaurant Group PLC (LON RTN) opened at 306.40 on Tuesday. Restaurant Group PLC has a 12-month low of GBX 281.36 and a 12-month high of GBX 410.10. The firm’s market cap is GBX 613.95 million. The firm has a 50-day moving average of GBX 333.80 and a 200-day moving average of GBX 338.82.

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The company also recently disclosed a dividend, which will be paid on Thursday, October 12th. Stockholders of record on Thursday, September 14th will be given a dividend of GBX 6.80 ($0.09) per share. This represents a dividend yield of 2.02%. The ex-dividend date of this dividend is Thursday, September 14th.

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.

Analyst Recommendations for Restaurant Group PLC (LON:RTN)

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