Today, Restaurant Group PLC (RTN) Price Target Raised to GBX 390

Today, Restaurant Group PLC (RTN) Price Target Raised to GBX 390

Restaurant Group PLC (LON:RTN) had its price objective hoisted by Barclays PLC from GBX 321 ($3.98) to GBX 390 ($4.84) in a report released on Wednesday morning. Barclays PLC currently has an equal weight rating on the stock.

A number of other equities analysts also recently commented on RTN. Shore Capital reaffirmed a buy rating on shares of Restaurant Group PLC in a report on Wednesday, July 27th. Peel Hunt raised their price objective on shares of Restaurant Group PLC from GBX 270 ($3.35) to GBX 380 ($4.71) and gave the stock a hold rating in a report on Friday, August 12th. Panmure Gordon reaffirmed a hold rating and set a GBX 335 ($4.16) price objective on shares of Restaurant Group PLC in a report on Friday, August 12th. Canaccord Genuity raised shares of Restaurant Group PLC to a buy rating and raised their price objective for the stock from GBX 276 ($3.42) to GBX 550 ($6.82) in a report on Friday, August 12th. Finally, JPMorgan Chase & Co. reaffirmed a neutral rating and set a GBX 330 ($4.09) price objective on shares of Restaurant Group PLC in a report on Monday, August 15th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of GBX 442.67 ($5.49).

Restaurant Group PLC (LON:RTN) opened at 333.10 on Wednesday. The stock has a 50 day moving average of GBX 368.34 and a 200 day moving average of GBX 356.07. Restaurant Group PLC has a 12-month low of GBX 229.85 and a 12-month high of GBX 692.00. The company’s market capitalization is GBX 666.53 million.

In other Restaurant Group PLC news, insider Debbie Howard Hewitt purchased 7,012 shares of the stock in a transaction dated Monday, October 17th. The stock was bought at an average price of GBX 355 ($4.40) per share, for a total transaction of £24,892.60 ($30,880.29).

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