Revolution Bars Group PLC (LON:RBG) Upgraded by Peel Hunt to Buy

Revolution Bars Group PLC (LON:RBG) was upgraded by analysts at Peel Hunt to a “buy” rating in a research note issued to investors on Wednesday, October 25th. The firm presently has a GBX 240 ($3.16) price target on the stock. Peel Hunt’s price objective suggests a potential upside of 53.35% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Numis Securities Ltd restated an “add” rating and set a GBX 200 ($2.63) price target on shares of Revolution Bars Group PLC in a research report on Monday, October 23rd. FinnCap reiterated a “buy” rating and issued a GBX 180 ($2.37) price objective on shares of Revolution Bars Group PLC in a report on Tuesday, July 25th. Finally, Canaccord Genuity increased their price objective on shares of Revolution Bars Group PLC from GBX 150 ($1.97) to GBX 220 ($2.89) and gave the company a “buy” rating in a report on Wednesday, August 16th.

Revolution Bars Group PLC (RBG) traded down GBX 4.50 ($0.06) during trading hours on Wednesday, reaching GBX 156.50 ($2.06). 57,616 shares of the company’s stock traded hands, compared to its average volume of 460,743. Revolution Bars Group PLC has a one year low of GBX 99 ($1.30) and a one year high of GBX 247.96 ($3.26).

Revolution Bars Group PLC (LON:RBG) last posted its earnings results on Tuesday, October 3rd. The company reported GBX 14.20 ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of GBX 13.10 ($0.17) by GBX 1.10 ($0.01). Revolution Bars Group PLC had a net margin of 0.41% and a return on equity of 1.25%. The business had revenue of £130.47 million for the quarter.

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About Revolution Bars Group PLC

Revolution Bars Group plc is a United Kingdom-based operator of bars. The Company has a trading portfolio of approximately 60 bars located predominantly in town or city high streets, which operate under the Revolution and Revolucion de Cuba brands. The Company’s bars focus on a drinks and food-led offering, and typically trade from late morning, during the day and into late evening.

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