Revolution Bars Group PLC (RBG) Stock Rating Reaffirmed by Canaccord Genuity

Revolution Bars Group PLC (LON:RBG)‘s stock had its “hold” rating reissued by equities researchers at Canaccord Genuity in a report issued on Monday. They currently have a GBX 203 ($2.67) price objective on the stock. Canaccord Genuity’s target price points to a potential downside of 1.69% from the stock’s current price.

RBG has been the subject of a number of other reports. Peel Hunt upped their price target on shares of Revolution Bars Group PLC from GBX 203 ($2.67) to GBX 215 ($2.83) and gave the stock a “hold” rating in a research report on Tuesday, October 3rd. FinnCap lowered shares of Revolution Bars Group PLC to a “hold” rating and upped their price target for the stock from GBX 180 ($2.37) to GBX 203 ($2.67) in a research report on Tuesday, October 3rd. Finally, Numis Securities Ltd reiterated a “hold” rating and issued a GBX 130 ($1.71) price target on shares of Revolution Bars Group PLC in a research report on Tuesday, July 25th.

Shares of Revolution Bars Group PLC (LON RBG) opened at 202.00 on Monday. Revolution Bars Group PLC has a 1-year low of GBX 99.00 and a 1-year high of GBX 247.96. The stock’s market capitalization is GBX 101.00 million. The firm has a 50-day moving average of GBX 208.38 and a 200 day moving average of GBX 173.35.

Revolution Bars Group PLC (LON:RBG) last posted its quarterly earnings results on Tuesday, October 3rd. The company reported GBX 14.20 ($0.19) earnings per share for the quarter, topping the Zacks’ consensus estimate of GBX 13.10 ($0.17) by GBX 1.10 ($0.01). The business had revenue of £130.47 million during the quarter. Revolution Bars Group PLC had a net margin of 5.77% and a return on equity of 18.25%. Analysts predict that Revolution Bars Group PLC will post $16.64 EPS for the current year.

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Revolution Bars Group PLC Company Profile

Revolution Bars Group plc is a United Kingdom-based operator of bars. The Company has a trading portfolio of approximately 60 bars located predominantly in town or city high streets, which operate under the Revolution and Revolucion de Cuba brands. The Company’s bars focus on a drinks and food-led offering, and typically trade from late morning, during the day and into late evening.

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