Restaurant Group (RTN) Given “Buy” Rating at Shore Capital

Shore Capital reiterated their buy rating on shares of Restaurant Group (LON:RTN) in a research report sent to investors on Monday, November 12th.

Several other research firms have also recently issued reports on RTN. Liberum Capital reiterated a buy rating and issued a GBX 350 ($4.57) target price on shares of Restaurant Group in a research note on Tuesday, October 30th. Canaccord Genuity decreased their target price on shares of Restaurant Group from GBX 380 ($4.97) to GBX 360 ($4.70) and set a buy rating for the company in a research note on Thursday, September 13th. Barclays boosted their target price on shares of Restaurant Group from GBX 295 ($3.85) to GBX 320 ($4.18) and gave the company an equal weight rating in a research note on Tuesday, October 2nd. Peel Hunt reiterated a reduce rating on shares of Restaurant Group in a research note on Wednesday, October 17th. Finally, HSBC raised shares of Restaurant Group to a buy rating and boosted their price target for the stock from GBX 265 ($3.46) to GBX 370 ($4.83) in a report on Thursday, October 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Restaurant Group currently has an average rating of Hold and an average price target of GBX 286.50 ($3.74).

Shares of RTN traded down GBX 1.30 ($0.02) during trading hours on Monday, hitting GBX 141 ($1.84). The stock had a trading volume of 2,130,076 shares, compared to its average volume of 1,090,000. Restaurant Group has a fifty-two week low of GBX 229.20 ($2.99) and a fifty-two week high of GBX 381.70 ($4.99).

In related news, insider Debbie Howard Hewitt purchased 13,659 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The stock was bought at an average price of GBX 146 ($1.91) per share, with a total value of £19,942.14 ($26,057.94).

Restaurant Group Company Profile

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, and Joe's Kitchen. The company also operates TRG concessions that provide table service, counter service, sandwich shops, pubs, and bars in the United Kingdom's airports.

Further Reading: When is a capital gain realized?

Analyst Recommendations for Restaurant Group (LON:RTN)

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