According to Bloomberg, the six research firms currently covering The Restaurant Group plc (LON: RTN) have given the stock an average rating of “Moderate Buy,” indicating that investors should consider purchasing the stock. Additionally, two research firms have given the stock a rating of “Strong Buy,” which suggests that investors should strongly consider purchasing the stock. There has been one expert in equity research that has recommended selling the stock, another that has recommended retaining it in one’s portfolio, and four others who have recommended buying the stock. The average target price for one year established by brokers who covered the company in the preceding year is GBX 86.40 ($1.04) per share of the company’s stock. Recently, several equity analysts have revealed the results of their studies on RTN shares. In a report issued on Tuesday, May 24, Peel Hunt reaffirmed a “buy” rating on shares of The Restaurant Group.
The brokerage also set a target price of GBX 90 ($1.09) for the company’s stock at the research’s publication. In a report published on Monday, July 11, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of The Restaurant Group and set a price objective of GBX 47 ($0.57) on the company’s stock. In a study distributed on Thursday, July 28, Berenberg Bank lowered its price objective for The Restaurant Group. The previous price aim of GBX 110 ($1.33) has been revised to GBX 65 ($0.79) as the new target price. Despite this, the financial institution did not alter its “buy” recommendation. In a report made public on Tuesday, July 12, Shore Capital reiterated a “buy” rating on shares of The Restaurant Group. The research was distributed. Loraine Woodhouse, an insider at the company, purchased 49,136 shares of company stock on Monday, July 25, in related news to this topic.
The entire cost paid for the shares was a sum that came to GBX 51 ($0.62) each share, which took the total amount paid to a total of £25,059.36 ($30,279.56) On Friday, July 15, business insider Andy C. Hornby purchased 376,263 shares of company stock. This news is relevant to this topic and relates to other recent events. The number of claims was acquired for a total cost of £158,030.46, equivalent to $190,950.29. That comes out to a price of $0.51 per share on average. In addition, business insider Loraine Woodhouse purchased 49,136 shares of the firm’s stock on Monday, July 25. A total of GBX 51 ($0.62) ($25,059.36) ($30,279.56) was paid for each share of stock when the transaction was completed. RTN was first made available for trade on Tuesday at a price of GBX 39.86, equal to $0.48. The debt-to-equity ratio is calculated to be 165.68, the quick ratio is estimated to be 0.77, and the current ratio is calculated to be 0.83.
The price of The Restaurant Group’s shares at its one-year low is currently fixed at $0.01. The simple moving average of the stock price for the past 200 days is 59.78 GBX, while the simple moving average over the past 50 days is 46.59 GBX. The company’s market worth is currently estimated to be £304.98 million, and its price-to-earnings ratio is 7.52. The Restaurant Group plc is the company that oversees operations in the hospitality sector across the pond in the United Kingdom. This company owns and operates several brands, including Wagamama, Frankie & Benny’s, Brunning & Price, Chiquito, Coast to Coast, Firejacks, Garfunkel’s, and Joe’s Kitchen. Other brands include Garfunkel’s and Firejacks. In addition to TRG concessions, the company runs sandwich shops, pubs, and bars. TRG concessions provide customers with table service as well as counter service.