Citigroup restated their neutral rating on shares of Restaurant Group (LON:RTN) in a report issued on Wednesday. Citigroup currently has a GBX 270 ($3.53) price target on the stock, down from their prior price target of GBX 410 ($5.36).
RTN has been the topic of several other reports. Liberum Capital decreased their price target on shares of Restaurant Group from GBX 430 ($5.62) to GBX 350 ($4.57) and set a buy rating on the stock in a research note on Friday, August 31st. Peel Hunt raised shares of Restaurant Group to a reduce rating and raised their price target for the stock from GBX 220 ($2.87) to GBX 260 ($3.40) in a research note on Wednesday, September 5th. Canaccord Genuity reaffirmed a buy rating and set a GBX 360 ($4.70) price target on shares of Restaurant Group in a research note on Tuesday. Barclays raised their price target on shares of Restaurant Group from GBX 295 ($3.85) to GBX 320 ($4.18) and gave the stock an equal weight rating in a research note on Tuesday, October 2nd. Finally, Shore Capital reaffirmed a buy rating on shares of Restaurant Group in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of GBX 313.50 ($4.10).
Restaurant Group stock opened at GBX 258.20 ($3.37) on Wednesday. Restaurant Group has a 12-month low of GBX 229.20 ($2.99) and a 12-month high of GBX 381.70 ($4.99).
The business also recently announced a dividend, which was paid on Thursday, October 11th. Investors of record on Thursday, September 13th were given a GBX 6.80 ($0.09) dividend. The ex-dividend date was Thursday, September 13th. This represents a dividend yield of 2.32%.
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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