Restaurant Group (RTN) Given “Reduce” Rating at Peel Hunt

Peel Hunt reiterated their reduce rating on shares of Restaurant Group (LON:RTN) in a report released on Friday. Peel Hunt currently has a GBX 250 ($3.39) price target on the stock.

A number of other research firms have also recently commented on RTN. JPMorgan Chase & Co. decreased their price target on Restaurant Group from GBX 380 ($5.15) to GBX 360 ($4.88) and set an overweight rating for the company in a research note on Tuesday, December 12th. decreased their price target on Restaurant Group from GBX 300 ($4.07) to GBX 265 ($3.59) and set a reduce rating for the company in a research note on Thursday, September 28th. Finally, Liberum Capital reiterated a buy rating and issued a GBX 430 ($5.83) price target on shares of Restaurant Group in a research note on Friday, September 22nd. Five research analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. Restaurant Group currently has a consensus rating of Hold and a consensus price target of GBX 352.31 ($4.78).

Shares of Restaurant Group (RTN) traded up GBX 1.60 ($0.02) during mid-day trading on Friday, reaching GBX 258.60 ($3.51). The company had a trading volume of 1,488,766 shares, compared to its average volume of 788,752. Restaurant Group has a 12 month low of GBX 248 ($3.36) and a 12 month high of GBX 386.92 ($5.25). The company has a market capitalization of $513.53 and a P/E ratio of -3,232.50.

In other news, insider Andy McCue acquired 20,000 shares of Restaurant Group stock in a transaction dated Wednesday, November 15th. The stock was purchased at an average cost of GBX 278 ($3.77) per share, for a total transaction of £55,600 ($75,400.05).

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About Restaurant Group

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 (LON:RTN)

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