Restaurant Group (LON:RTN) Given Buy Rating at Berenberg Bank

Restaurant Group (LON:RTN)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a research report issued to clients and investors on Thursday, June 27th, Digital Look reports. They presently have a GBX 175 ($2.29) target price on the stock. Berenberg Bank’s price target would suggest a potential upside of 18.32% from the company’s current price.

Several other research analysts have also recently issued reports on RTN. Royal Bank of Canada set a $184.00 price objective on Jazz Pharmaceuticals and gave the stock a “buy” rating in a research note on Monday, March 18th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Anglo American in a research note on Wednesday, May 15th. Peel Hunt restated an “add” rating on shares of DCC in a report on Thursday, May 30th. Shore Capital restated a “buy” rating on shares of The Sage Group in a report on Friday, May 17th. Finally, Canaccord Genuity lowered their target price on Trevali Mining from C$0.75 to C$0.65 in a report on Monday, April 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. Restaurant Group has a consensus rating of “Buy” and an average price target of GBX 189.55 ($2.48).

LON:RTN traded up GBX 1.20 ($0.02) during midday trading on Thursday, hitting GBX 147.90 ($1.93). The stock had a trading volume of 2,885,196 shares, compared to its average volume of 1,090,000. Restaurant Group has a one year low of GBX 110.10 ($1.44) and a one year high of GBX 222.94 ($2.91). The stock has a market capitalization of $726.92 million and a P/E ratio of 61.63. The company’s 50-day simple moving average is GBX 132.35. The company has a quick ratio of 0.40, a current ratio of 0.57 and a debt-to-equity ratio of 77.86.

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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