The Restaurant Group plc (LON:RTN – Get Free Report)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 46.96 ($0.58) and traded as high as GBX 67.10 ($0.83). The Restaurant Group shares last traded at GBX 65.60 ($0.81), with a volume of 13,042,793 shares changing hands.
Analyst Upgrades and Downgrades
RTN has been the subject of several recent analyst reports. Barclays reiterated an “underweight” rating and issued a GBX 50 ($0.62) price objective on shares of The Restaurant Group in a research note on Thursday, September 7th. Numis Securities reiterated a “buy” rating and set a GBX 59 ($0.73) target price on shares of The Restaurant Group in a research report on Monday, September 11th. Finally, Shore Capital restated a “buy” rating on shares of The Restaurant Group in a research report on Thursday, October 12th.
The Restaurant Group Stock Up 0.5 %
About The Restaurant Group
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, and Barburrito. The company also operates TRG concessions that provide table and counter services, as well as sandwich shops, pubs, and bars.
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