Restaurant Group PLC (RTN) Price Target Cut to GBX 265 by Analysts at HSBC Holdings plc

Restaurant Group PLC (LON:RTN) had its price target decreased by HSBC Holdings plc from GBX 300 ($4.03) to GBX 265 ($3.56) in a research note published on Thursday morning. HSBC Holdings plc currently has a reduce rating on the stock.

Other research analysts also recently issued reports about the stock. J P Morgan Chase & Co reiterated an overweight rating and set a GBX 380 ($5.11) price objective on shares of Restaurant Group PLC in a research note on Friday, September 1st. Deutsche Bank AG reissued a sell rating and issued a GBX 290 ($3.90) target price on shares of Restaurant Group PLC in a research report on Friday, August 25th. N+1 Singer reissued a buy rating and issued a GBX 415 ($5.58) target price on shares of Restaurant Group PLC in a research report on Thursday, August 31st. Numis Securities Ltd restated a buy rating and issued a GBX 430 ($5.78) target price on shares of Restaurant Group PLC in a research note on Wednesday, August 23rd. Finally, Liberum Capital restated a buy rating and issued a GBX 430 ($5.78) target price on shares of Restaurant Group PLC in a research note on Friday, September 22nd. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of GBX 357.69 ($4.81).

Shares of Restaurant Group PLC (RTN) opened at 301.90 on Thursday. The firm’s market cap is GBX 605.00 million. The stock’s 50 day moving average price is GBX 328.12 and its 200-day moving average price is GBX 337.88. Restaurant Group PLC has a 52-week low of GBX 281.36 and a 52-week high of GBX 396.30.

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The business also recently announced a dividend, which will be paid on Thursday, October 12th. Stockholders of record on Thursday, September 14th will be issued a dividend of GBX 6.80 ($0.09) per share. This represents a dividend yield of 2.02%. The ex-dividend date is Thursday, September 14th.

About Restaurant Group PLC

The Restaurant Group plc is a United Kingdom-based company, which operates over 500 restaurants and pub restaurants. The Company operates through operating restaurants segment. Its portfolio covers a range of categories, including table service, counter service, sandwich shops, pubs and bars. The Company’s principal trading brands include Frankie & Benny’s, Chiquito and Coast to Coast.

Analyst Recommendations for Restaurant Group PLC (LON:RTN)

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