Deutsche Bank Aktiengesellschaft Reaffirms “Hold” Rating for The Restaurant Group (LON:RTN)

The Restaurant Group (LON:RTNGet Rating)‘s stock had its “hold” rating reaffirmed by equities research analysts at Deutsche Bank Aktiengesellschaft in a research note issued on Thursday, MarketBeat.com reports. They currently have a GBX 47 ($0.57) price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 14.63% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Berenberg Bank reduced their price target on shares of The Restaurant Group from GBX 110 ($1.33) to GBX 65 ($0.79) and set a “buy” rating on the stock in a report on Thursday, July 28th. Shore Capital reiterated a “buy” rating on shares of The Restaurant Group in a report on Thursday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, The Restaurant Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 86.40 ($1.04).

The Restaurant Group Price Performance

The Restaurant Group stock opened at GBX 41 ($0.50) on Thursday. The firm has a market capitalization of £313.68 million and a PE ratio of -7.74. The Restaurant Group has a 52 week low of GBX 0.97 ($0.01) and a 52 week high of GBX 115 ($1.39). The firm’s 50-day simple moving average is GBX 45.86 and its 200 day simple moving average is GBX 53.78. The company has a quick ratio of 0.77, a current ratio of 0.83 and a debt-to-equity ratio of 165.68.

Insider Activity at The Restaurant Group

In other news, insider Loraine Woodhouse bought 49,136 shares of the stock in a transaction on Monday, July 25th. The stock was purchased at an average cost of GBX 51 ($0.62) per share, with a total value of £25,059.36 ($30,279.56). In other The Restaurant Group news, insider Loraine Woodhouse acquired 49,136 shares of the firm’s stock in a transaction dated Monday, July 25th. The shares were acquired at an average price of GBX 51 ($0.62) per share, for a total transaction of £25,059.36 ($30,279.56). Also, insider Andy C. Hornby bought 376,263 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The stock was acquired at an average price of GBX 42 ($0.51) per share, with a total value of £158,030.46 ($190,950.29).

About The Restaurant Group

(Get Rating)

The Restaurant Group plc operates restaurants and pubs in the United Kingdom. Its brands include Wagamama, Frankie & Benny's, Brunning & Price, Chiquito, Coast to Coast, Firejacks, Garfunkel's, and Joe's Kitchen. The company also operates TRG concessions that provide table and counter services, as well as sandwich shops, pubs, and bars.

See Also

Analyst Recommendations for The Restaurant Group (LON:RTN)

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