Shore Capital Reaffirms “Buy” Rating for The Restaurant Group (LON:RTN)

The Restaurant Group (LON:RTNGet Rating)‘s stock had its “buy” rating restated by stock analysts at Shore Capital in a report released on Wednesday, MarketBeat reports.

Other equities research analysts have also recently issued reports about the stock. Peel Hunt reiterated a “buy” rating and set a GBX 90 ($1.15) price target on shares of The Restaurant Group in a research report on Tuesday, April 12th. Liberum Capital restated a “buy” rating and issued a GBX 160 ($2.04) price objective on shares of The Restaurant Group in a report on Monday, January 24th. Berenberg Bank dropped their price objective on shares of The Restaurant Group from GBX 125 ($1.59) to GBX 110 ($1.40) and set a “buy” rating for the company in a report on Thursday, March 24th. Finally, Barclays cut shares of The Restaurant Group to an “underweight” rating and dropped their price objective for the company from GBX 75 ($0.96) to GBX 70 ($0.89) in a report on Friday, March 25th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 116 ($1.48).

Shares of RTN opened at GBX 62.25 ($0.79) on Wednesday. The Restaurant Group has a 1-year low of GBX 0.97 ($0.01) and a 1-year high of GBX 140 ($1.78). The stock has a market cap of £476.21 million and a PE ratio of -11.74. The firm has a 50-day simple moving average of GBX 73.80 and a two-hundred day simple moving average of GBX 85.78. The company has a debt-to-equity ratio of 165.68, a current ratio of 0.83 and a quick ratio of 0.77.

In other news, insider Ken Hanna purchased 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 16th. The stock was bought at an average price of GBX 77 ($0.98) per share, for a total transaction of £77,000 ($98,139.18).

The Restaurant Group Company Profile (Get Rating)

The Restaurant Group plc operates restaurants and pubs in the United Kingdom. Its brands include Wagamama, Frankie & Benny's, Brunning & Price, Chiquito, Coast to Coast, Firejacks, Garfunkel's, and Joe's Kitchen. The company also operates TRG concessions that provide table and counter services, as well as sandwich shops, pubs, and bars.

Further Reading

Analyst Recommendations for The Restaurant Group (LON:RTN)

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