Revolution Bars Group PLC (RBG) Receives Hold Rating from Canaccord Genuity

Canaccord Genuity reissued their hold rating on shares of Revolution Bars Group PLC (LON:RBG) in a research report report published on Monday. They currently have a GBX 203 ($2.67) price objective on the stock.

A number of other equities research analysts have also issued reports on RBG. FinnCap lowered shares of Revolution Bars Group PLC to a hold rating and raised their price target for the stock from GBX 180 ($2.37) to GBX 203 ($2.67) in a report on Tuesday, October 3rd. Peel Hunt raised their price target on shares of Revolution Bars Group PLC from GBX 203 ($2.67) to GBX 215 ($2.83) and gave the stock a hold rating in a report on Tuesday, October 3rd. Finally, Numis Securities Ltd reissued a hold rating and issued a GBX 130 ($1.71) price target on shares of Revolution Bars Group PLC in a report on Tuesday, July 25th.

Revolution Bars Group PLC (LON:RBG) last announced its quarterly earnings results on Tuesday, October 3rd. The company reported GBX 14.20 ($0.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of GBX 13.10 ($0.17) by GBX 1.10 ($0.01). The business had revenue of £130.47 million for the quarter. Revolution Bars Group PLC had a net margin of 5.77% and a return on equity of 18.25%.

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Revolution Bars Group PLC Company Profile

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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