Restaurant Group (LON:RTN)‘s stock had its “hold” rating reissued by analysts at Peel Hunt in a research note issued to investors on Wednesday, May 8th, ThisIsMoney.Co.Uk reports. They presently have a GBX 145 ($1.89) price objective on the stock, up from their prior price objective of GBX 135 ($1.76). Peel Hunt’s target price indicates a potential upside of 11.11% from the stock’s previous close.
Several other analysts have also recently weighed in on RTN. Liberum Capital reiterated a “hold” rating on shares of Restaurant Group in a report on Thursday, May 2nd. Canaccord Genuity reiterated a “buy” rating and issued a GBX 190 ($2.48) price target on shares of Restaurant Group in a report on Friday, March 15th. Shore Capital reissued a “buy” rating on shares of Restaurant Group in a research report on Friday, March 15th. UBS Group raised Restaurant Group to a “neutral” rating and lowered their price objective for the company from GBX 172 ($2.25) to GBX 155 ($2.03) in a research report on Thursday, January 10th. Finally, Barclays lowered their price objective on Restaurant Group from GBX 320 ($4.18) to GBX 165 ($2.16) and set an “equal weight” rating for the company in a research report on Wednesday, February 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of GBX 189.55 ($2.48).
LON:RTN opened at GBX 130.50 ($1.71) on Wednesday. The firm has a market capitalization of $640.50 million and a P/E ratio of 54.38. Restaurant Group has a twelve month low of GBX 110.10 ($1.44) and a twelve month high of GBX 230.97 ($3.02). 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 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.
Further Reading: Why is the LIBOR significant?
Receive News & Ratings for Restaurant Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restaurant Group and related companies with MarketBeat.com's FREE daily email newsletter.