Restaurant Group PLC (RTN) Receives GBX 326.88 Average Price Target from Brokerages

Restaurant Group PLC (LON:RTN) has been given an average recommendation of “Hold” by the eleven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 326.88 ($4.27).

RTN has been the subject of a number of research reports. Peel Hunt reaffirmed a “sell” rating and issued a GBX 220 ($2.87) price objective on shares of Restaurant Group in a report on Tuesday, August 28th. Berenberg Bank raised shares of Restaurant Group to a “hold” rating and lifted their price objective for the stock from GBX 250 ($3.27) to GBX 270 ($3.53) in a report on Monday, September 3rd. Citigroup reaffirmed a “buy” rating on shares of Restaurant Group in a report on Monday, September 3rd. Canaccord Genuity decreased their price objective on shares of Restaurant Group from GBX 380 ($4.97) to GBX 360 ($4.70) and set a “buy” rating for the company in a report on Thursday, September 13th. Finally, Barclays lifted their price objective on shares of Restaurant Group from GBX 295 ($3.85) to GBX 320 ($4.18) and gave the stock an “equal weight” rating in a report on Tuesday, October 2nd.

Restaurant Group stock opened at GBX 297.20 ($3.88) on Thursday. Restaurant Group has a 12 month low of GBX 229.20 ($2.99) and a 12 month high of GBX 381.70 ($4.99).

The company also recently declared a dividend, which was paid on Thursday, October 11th. Stockholders of record on Thursday, September 13th were issued a dividend of GBX 6.80 ($0.09) per share. This represents a dividend yield of 2.32%. The ex-dividend date was Thursday, September 13th.

About Restaurant Group

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

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Analyst Recommendations for Restaurant Group (LON:RTN)

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