The Restaurant Group (LON:RTN) Shares Pass Above 200-Day Moving Average of $46.96

The Restaurant Group plc (LON:RTN)’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 %

The firm has a market capitalization of £507.98 million, a PE ratio of -1,093.33, a price-to-earnings-growth ratio of 0.94 and a beta of 2.11. The company has a current ratio of 0.20, a quick ratio of 0.43 and a debt-to-equity ratio of 159.06. The firm has a 50-day moving average of GBX 54.85 and a two-hundred day moving average of GBX 46.96.

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.