Revolution Bars Group (LON:RBG) was downgraded by investment analysts at Peel Hunt to an “add” rating in a report issued on Thursday. They presently have a GBX 150 ($1.96) price target on the stock, down from their prior price target of GBX 200 ($2.61). Peel Hunt’s price objective would suggest a potential upside of 17.00% from the company’s current price.
RBG has been the subject of a number of other reports. Canaccord Genuity initiated coverage on Revolution Bars Group in a report on Tuesday, October 2nd. They issued a “buy” rating and a GBX 190 ($2.48) target price for the company. Numis Securities dropped their target price on Revolution Bars Group from GBX 200 ($2.61) to GBX 190 ($2.48) and set a “buy” rating for the company in a report on Thursday, June 14th.
Shares of RBG opened at GBX 128.20 ($1.68) on Thursday. Revolution Bars Group has a 1 year low of GBX 99 ($1.29) and a 1 year high of GBX 233 ($3.04).
Revolution Bars Group Company Profile
Revolution Bars Group plc operates premium bars located in towns or city high streets across the United Kingdom. Its bars offer food and drinks. The company operates 69 bars, including 55 bars under the Revolution and 14 under the Revolución de Cuba brand names. Revolution Bars Group plc was founded in 1991 and is headquartered in Ashton-Under-Lyne, the United Kingdom.
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