Restaurant Group (LON:RTN) was downgraded by investment analysts at Citigroup to a “sell” rating in a report released on Wednesday, January 16th. They presently have a GBX 120 ($1.57) target price on the stock, down from their prior target price of GBX 197 ($2.57). Citigroup‘s target price suggests a potential downside of 16.14% from the company’s previous close.
RTN has been the topic of a number of other reports. Shore Capital reissued a “buy” rating on shares of Restaurant Group in a research note on Monday, November 12th. Peel Hunt reissued a “reduce” rating and issued a GBX 260 ($3.40) target price on shares of Restaurant Group in a report on Tuesday, October 30th. Liberum Capital reaffirmed a “hold” rating on shares of Restaurant Group in a research note on Monday, November 12th. UBS Group raised Restaurant Group to a “neutral” rating and decreased their price objective for the stock from GBX 172 ($2.25) to GBX 155 ($2.03) in a research note on Thursday, January 10th. Finally, HSBC decreased their price objective on Restaurant Group from GBX 221 ($2.89) to GBX 190 ($2.48) and set a “buy” rating on the stock in a research note on Tuesday, December 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 220 ($2.87).
Shares of LON RTN traded down GBX 1.10 ($0.01) during mid-day trading on Wednesday, hitting GBX 143.10 ($1.87). 469,482 shares of the stock traded hands, compared to its average volume of 1,090,000. Restaurant Group has a 52 week low of GBX 229.20 ($2.99) and a 52 week high of GBX 381.70 ($4.99).
In other Restaurant Group news, insider Debbie Howard Hewitt purchased 13,659 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The stock was purchased at an average cost of GBX 146 ($1.91) per share, with a total value of £19,942.14 ($26,057.94).
About Restaurant Group
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.
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