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

The Restaurant Group (LON:RTN – Get 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.

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