Media coverage about Restaurant Group (LON:RTN) has been trending somewhat positive this week, according to InfoTrie Sentiment. The research firm identifies negative and positive media coverage by monitoring more than 6,000 news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Restaurant Group earned a news sentiment score of 1.56 on their scale. InfoTrie also assigned headlines about the company an news buzz score of 8 out of 10, indicating that recent media coverage is very likely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Restaurant Group’s score:
- Top Restaurant Group shareholder backs Wagamama deal to power shares (uk.finance.yahoo.com)
- The Restaurant Group share price plummets as investors digest Wagamama takeover (cityam.com)
- A big dividend stock to snap up after 40% share price crash? (fool.co.uk)
- The Restaurant Group gets shareholder approval for £550mln Wagamama takeover, although nearly 40% voted against (proactiveinvestors.co.uk)
- Restaurant Group’s investors vote in favor of Wagamama deal (reuters.com)
Several research analysts have commented on the stock. Peel Hunt reiterated a “sell” rating and issued a GBX 220 ($2.87) target price on shares of Restaurant Group in a report on Tuesday, August 28th. Shore Capital restated a “buy” rating on shares of Restaurant Group in a report on Monday, November 12th. Berenberg Bank raised shares of Restaurant Group to a “hold” rating and raised their price objective for the company from GBX 250 ($3.27) to GBX 270 ($3.53) in a research report on Monday, September 3rd. Liberum Capital reaffirmed a “hold” rating on shares of Restaurant Group in a research report on Monday, November 12th. Finally, Numis Securities reissued a “buy” rating and issued a GBX 400 ($5.23) price target on shares of Restaurant Group in a research report on Friday, August 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 307 ($4.01).
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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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