Restaurant Group (LON:RTN) was upgraded by analysts at Peel Hunt to an “add” rating in a note issued to investors on Friday, April 12th, ThisIsMoney.Co.Uk reports. The firm presently has a GBX 135 ($1.76) price objective on the stock, down from their previous price objective of GBX 160 ($2.09). Peel Hunt’s price target points to a potential downside of 6.90% from the stock’s previous close.
A number of other analysts have also recently issued reports on the company. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 190 ($2.48) price objective on shares of Restaurant Group in a research report on Friday, March 15th. Shore Capital reaffirmed a “buy” rating on shares of Restaurant Group in a research report on Friday, March 15th. Liberum Capital reaffirmed a “hold” rating and issued a GBX 180 ($2.35) price objective on shares of Restaurant Group in a research report on Thursday, January 24th. Barclays lowered their target price on Restaurant Group from GBX 320 ($4.18) to GBX 165 ($2.16) and set an “equal weight” rating on the stock in a research note on Wednesday, February 6th. Finally, UBS Group upgraded Restaurant Group to a “neutral” rating and lowered their target price for the stock from GBX 172 ($2.25) to GBX 155 ($2.03) in a research note on Thursday, January 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. Restaurant Group currently has an average rating of “Buy” and an average price target of GBX 188.64 ($2.46).
LON RTN traded down GBX 1.50 ($0.02) during trading hours on Friday, hitting GBX 145 ($1.89). 4,780,606 shares of the company traded hands, compared to its average volume of 1,090,000. Restaurant Group has a twelve month low of GBX 110.10 ($1.44) and a twelve month high of GBX 244.41 ($3.19). The company has a debt-to-equity ratio of 77.86, a quick ratio of 0.40 and a current ratio of 0.57. The stock has a market capitalization of $711.67 million and a PE ratio of 60.42.
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, Firejacks, Wagamama, and Joe's Kitchen. The company also operates TRG concessions that provide table service, counter service, sandwich shops, pubs, and bars.
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