Brokerages Set Restaurant Group PLC (LON:RTN) Target Price at $198.13

Restaurant Group PLC (LON:RTN) has received a consensus rating of “Buy” from the thirteen brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is GBX 198.13 ($2.59).

A number of analysts have issued reports on RTN shares. Peel Hunt reissued a “hold” rating on shares of Restaurant Group in a research report on Wednesday, February 20th. Liberum Capital reissued a “hold” rating on shares of Restaurant Group in a research report on Friday, May 17th. Shore Capital reissued a “buy” rating on shares of Restaurant Group in a research report on Thursday, May 2nd. Berenberg Bank raised Restaurant Group to a “buy” rating and raised their target price for the stock from GBX 170 ($2.22) to GBX 175 ($2.29) in a research report on Friday, February 15th. Finally, Canaccord Genuity reissued a “buy” rating and issued a GBX 185 ($2.42) target price on shares of Restaurant Group in a research report on Monday, April 15th.

Shares of RTN traded down GBX 0.70 ($0.01) on Friday, reaching GBX 124.20 ($1.62). 972,011 shares of the company’s stock traded hands, compared to its average volume of 1,090,000. The company has a current ratio of 0.57, a quick ratio of 0.40 and a debt-to-equity ratio of 77.86. The company has a market capitalization of $609.58 million and a price-to-earnings ratio of 51.75. Restaurant Group has a 52-week low of GBX 110.10 ($1.44) and a 52-week high of GBX 222.94 ($2.91).

The company also recently announced a dividend, which will be paid on Friday, July 5th. Shareholders of record on Thursday, June 6th will be given a GBX 1.47 ($0.02) dividend. This represents a yield of 1.25%. The ex-dividend date is Thursday, June 6th. Restaurant Group’s dividend payout ratio is currently 2.50%.

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, 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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Analyst Recommendations for Restaurant Group (LON:RTN)

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