Revolution Bars Group PLC (RBG) Upgraded by Peel Hunt to “Buy”

Peel Hunt upgraded shares of Revolution Bars Group PLC (LON:RBG) to a buy rating in a report issued on Wednesday morning. They currently have GBX 240 ($3.17) target price on the stock.

RBG has been the topic of a number of other reports. Numis Securities Ltd reiterated an add rating and issued a GBX 200 ($2.64) price objective on shares of Revolution Bars Group PLC in a research report on Monday. FinnCap cut Revolution Bars Group PLC to a hold rating and raised their target price for the company from GBX 180 ($2.38) to GBX 203 ($2.68) in a research note on Tuesday, October 3rd. Finally, Canaccord Genuity raised their target price on Revolution Bars Group PLC from GBX 150 ($1.98) to GBX 220 ($2.90) and gave the company a buy rating in a research note on Wednesday, August 16th.

Shares of Revolution Bars Group PLC (LON:RBG) traded up 0.15% during trading on Wednesday, reaching GBX 167.25. The company’s stock had a trading volume of 487,832 shares. The stock’s 50 day moving average price is GBX 201.31 and its 200-day moving average price is GBX 171.13. The stock’s market cap is GBX 83.63 million. Revolution Bars Group PLC has a 52-week low of GBX 99.00 and a 52-week high of GBX 247.96.

Revolution Bars Group PLC (LON:RBG) last issued its quarterly earnings data on Tuesday, October 3rd. The company reported GBX 14.20 ($0.19) earnings per share for the quarter, topping the Zacks’ consensus estimate of GBX 13.10 ($0.17) by GBX 1.10 ($0.01). The firm had revenue of £130.47 million for the quarter. Revolution Bars Group PLC had a return on equity of 18.25% and a net margin of 5.77%. Equities analysts anticipate that Revolution Bars Group PLC will post $16.64 EPS for the current year.

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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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