Restaurant Group Plc (LON:RTN) was downgraded by Citigroup Inc. to a "sell" rating in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. They currently have a GBX 320 ($4.19) target price on the stock, down from their previous target price of GBX 350 ($4.58). Citigroup Inc's target price indicates a potential downside of 19.19% from the stock's current price.
A number of other research firms have also recently issued reports on RTN. Beaufort Securities reiterated a "hold" rating on shares of Restaurant Group PLC in a research report on Tuesday, May 3rd. Panmure Gordon reiterated a "hold" rating and set a GBX 335 ($4.38) price objective on shares of Restaurant Group PLC in a research report on Tuesday, May 3rd. JPMorgan Chase & Co lowered their price objective on shares of Restaurant Group PLC from GBX 640 ($8.37) to GBX 400 ($5.23) and set a "neutral" rating for the company in a research report on Tuesday, May 3rd. Barclays PLC reiterated an "equal weight" rating and set a GBX 475 ($6.21) price objective on shares of Restaurant Group PLC in a research report on Tuesday, May 3rd. Finally, Peel Hunt reiterated a "hold" rating and set a GBX 380 ($4.97) price objective on shares of Restaurant Group PLC in a research report on Friday, August 26th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company's stock. The company has a consensus rating of "Hold" and an average price target of GBX 457.73 ($5.99).
In other news, insider Hewitt,Debbie Howard bought 17,325 shares of the stock in a transaction dated Friday, August 26th. The stock was bought at an average price of GBX 433 ($5.66) per share, for a total transaction of ?75,017.25 ($98,113.07).
Restaurant Group PLC (LON:RTN) opened at 379.00 on Wednesday, MarketBeat.com reports. The stock's 50 day moving average is GBX 357.09 and its 200-day moving average is GBX 372.50. The company's market capitalization is GBX 757.14 million. Restaurant Group PLC has a 12 month low of GBX 229.85 and a 12 month high of GBX 728.00.
The company also recently announced a dividend, which will be paid on Thursday, October 13th. Stockholders of record on Thursday, September 15th will be issued a GBX 6.80 ($0.09) dividend. The ex-dividend date is Thursday, September 15th. This represents a dividend yield of 1.61%.
The Restaurant Group plc is a United Kingdom-based Company, which operates over 470 restaurants and pub restaurants. The Company's portfolio covers a range of categories, including table service, counter service, sandwich shops, pubs and bars. The Company's principal trading brands include Frankie & Benny's, Chiquito and Coast to Coast.