Citigroup Lowers Restaurant Group (LON:RTN) Price Target to GBX 75

Restaurant Group (LON:RTN) had its target price cut by equities research analysts at Citigroup from GBX 100 ($1.23) to GBX 75 ($0.92) in a report issued on Monday, MarketBeat.com reports. The brokerage currently has a “buy” rating on the stock. Citigroup‘s price target would suggest a potential upside of 33.10% from the company’s previous close.

Several other research analysts have also weighed in on RTN. Liberum Capital restated a “hold” rating on shares of Restaurant Group in a research report on Thursday, June 18th. Royal Bank of Canada lowered their price target on shares of Restaurant Group from GBX 90 ($1.11) to GBX 70 ($0.86) and set a “sector performer” rating on the stock in a research report on Tuesday, April 28th. Peel Hunt reiterated a “buy” rating on shares of Restaurant Group in a research report on Thursday, June 18th. JPMorgan Chase & Co. lowered their price target on shares of Restaurant Group from GBX 140 ($1.72) to GBX 122 ($1.50) and set an “overweight” rating on the stock in a research report on Tuesday, April 14th. Finally, Berenberg Bank increased their price target on shares of Restaurant Group from GBX 57 ($0.70) to GBX 80 ($0.98) and gave the company a “hold” rating in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 92.20 ($1.13).

Shares of RTN opened at GBX 56.35 ($0.69) on Monday. The company has a current ratio of 0.50, a quick ratio of 0.32 and a debt-to-equity ratio of 86.29. The firm’s 50-day moving average is GBX 57.04 and its two-hundred day moving average is GBX 92.54. Restaurant Group has a twelve month low of GBX 20.26 ($0.25) and a twelve month high of GBX 167.70 ($2.06). The firm has a market capitalization of $294.90 million and a P/E ratio of -7.32.

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, Firejacks, Wagamama, and Joe's Kitchen. The company also operates TRG concessions that provide table service, counter service, sandwich shops, pubs, and bars.

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