The Restaurant Group (LON:RTN) Given New GBX 65 Price Target at Berenberg Bank

The Restaurant Group (LON:RTNGet Rating) had its price objective lowered by equities research analysts at Berenberg Bank from GBX 110 ($1.33) to GBX 65 ($0.78) in a research report issued to clients and investors on Thursday, Marketbeat reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 28.33% from the company’s previous close.

Several other research firms have also recently weighed in on RTN. Peel Hunt reissued a “buy” rating and issued a GBX 90 ($1.08) price objective on shares of The Restaurant Group in a research report on Tuesday, May 24th. Shore Capital reissued a “buy” rating on shares of The Restaurant Group in a research report on Tuesday, July 12th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 47 ($0.57) price objective on shares of The Restaurant Group in a research report on Monday, July 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 86.40 ($1.04).

The Restaurant Group Trading Up 2.6 %

Shares of The Restaurant Group stock opened at GBX 50.65 ($0.61) on Thursday. The stock has a fifty day simple moving average of GBX 49.07 and a 200 day simple moving average of GBX 67.96. The Restaurant Group has a 12-month low of GBX 0.97 ($0.01) and a 12-month high of GBX 130.20 ($1.57). The company has a market capitalization of £387.50 million and a P/E ratio of -9.56. The company has a current ratio of 0.83, a quick ratio of 0.77 and a debt-to-equity ratio of 165.68.

Insiders Place Their Bets

In other news, insider Loraine Woodhouse purchased 49,136 shares of the company’s stock in a transaction dated Monday, July 25th. The shares were purchased at an average price of GBX 51 ($0.61) per share, with a total value of £25,059.36 ($30,192.00). In other news, insider Loraine Woodhouse purchased 49,136 shares of the company’s stock in a transaction dated Monday, July 25th. The shares were purchased at an average price of GBX 51 ($0.61) per share, with a total value of £25,059.36 ($30,192.00). Also, insider Andy C. Hornby purchased 376,263 shares of the company’s stock in a transaction dated Friday, July 15th. The shares were purchased at an average cost of GBX 42 ($0.51) per share, for a total transaction of £158,030.46 ($190,398.14).

About The Restaurant Group

(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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Analyst Recommendations for The Restaurant Group (LON:RTN)

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