Restaurant Group (LON:RTN) Shares Cross Above Two Hundred Day Moving Average of $138.47

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Restaurant Group PLC (LON:RTN)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $138.47 and traded as high as $147.40. Restaurant Group shares last traded at $145.60, with a volume of 1,103,810 shares changing hands.

A number of research analysts have issued reports on RTN shares. UBS Group reissued a “neutral” rating and set a GBX 145 ($1.89) price objective on shares of Restaurant Group in a research report on Tuesday, September 3rd. Peel Hunt reaffirmed a “hold” rating on shares of Restaurant Group in a research report on Tuesday, November 12th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 175 ($2.29) target price on shares of Restaurant Group in a research report on Monday, September 30th. Finally, Liberum Capital reduced their target price on shares of Restaurant Group from GBX 170 ($2.22) to GBX 150 ($1.96) and set a “hold” rating on the stock in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of GBX 164.50 ($2.15).

The stock’s 50-day moving average price is GBX 139.07 and its two-hundred day moving average price is GBX 138.47. The stock has a market capitalization of $716.11 million and a PE ratio of -7.07. The company has a debt-to-equity ratio of 92.93, a quick ratio of 0.28 and a current ratio of 0.45.

In other Restaurant Group news, insider Andy C. Hornby bought 232,471 shares of Restaurant Group stock in a transaction dated Tuesday, September 10th. The shares were purchased at an average cost of GBX 128 ($1.67) per share, with a total value of £297,562.88 ($388,818.61).

About Restaurant Group (LON:RTN)

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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