Revolution Bars Group (LON:RBG) Price Target Cut to GBX 40

Revolution Bars Group (LON:RBG) had its target price cut by Peel Hunt from GBX 85 ($1.05) to GBX 40 ($0.49) in a report published on Tuesday morning, Stock Target Advisor reports. They currently have a buy rating on the stock.

Separately, FinnCap reaffirmed a corporate rating on shares of Revolution Bars Group in a research report on Friday, June 5th.

Shares of LON:RBG opened at GBX 23.85 ($0.29) on Tuesday. The business’s 50-day moving average is GBX 24.80 and its 200 day moving average is GBX 45.95. Revolution Bars Group has a 1 year low of GBX 13 ($0.16) and a 1 year high of GBX 92 ($1.13). The firm has a market capitalization of $14.01 million and a P/E ratio of -3.41. The company has a debt-to-equity ratio of 81.70, a current ratio of 0.46 and a quick ratio of 0.33.

About Revolution Bars Group

Revolution Bars Group plc operates premium bars located in towns or city high streets across the United Kingdom. Its bars offer food and drinks. The company operates 76 bars, including 59 bars under the Revolution and 17 under the RevoluciĆ³n de Cuba brand names. Revolution Bars Group plc was founded in 1991 and is headquartered in Ashton-Under-Lyne, the United Kingdom.

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