Is Selling Restaurant Group PLC Here a Winning Strategy?

 Is Selling Restaurant Group PLC Here a Winning Strategy?

The stock of Restaurant Group PLC (LON:RTN) is a huge mover today! The stock decreased 3.13% or GBX 11.18 on November 24, hitting GBX 346.52. About 1.29 million shares traded hands or 45.30% up from the average. Restaurant Group PLC (LON:RTN) has declined 7.71% since April 27, 2016 and is downtrending. It has underperformed by 13.12% the S&P500.
The move comes after 8 months negative chart setup for the GBX 696.72 million company. It was reported on Nov, 24 by Barchart.com. We have GBX 336.12 PT which if reached, will make LON:RTN worth GBX 20.90 million less.

Restaurant Group PLC (LON:RTN) Ratings Coverage

Out of 19 analysts covering Restaurant Group The PLC (LON:RTN), 7 rate it a “Buy”, 2 “Sell”, while 10 “Hold”. This means 37% are positive. Restaurant Group The PLC has been the topic of 108 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Canaccord Genuity maintained Restaurant Group PLC (LON:RTN) on Friday, October 16 with “Buy” rating. As per Thursday, February 18, the company rating was maintained by Numis Securities. The stock has “Buy” rating given by UBS on Monday, February 15. The rating was maintained by Canaccord Genuity with “Hold” on Friday, March 11. The stock of Restaurant Group PLC (LON:RTN) earned “Buy” rating by Jefferies on Thursday, October 15. The stock has “Buy” rating given by Canaccord Genuity on Friday, August 7. The firm has “Sell” rating by Shore Capital given on Thursday, November 12. Numis Securities maintained the stock with “Buy” rating in Monday, July 25 report. The stock has “Hold” rating given by Canaccord Genuity on Friday, December 4. Goldman Sachs maintained Restaurant Group PLC (LON:RTN) rating on Friday, February 12. Goldman Sachs has “Buy” rating and GBX 805 price target.

More recent Restaurant Group PLC (LON:RTN) news were published by: Bloomberg.com which released: “Restaurant Group Ousts CEO, Hands Reins to Ex-Bookmaker Boss” on August 12, 2016. Also Bloomberg.com published the news titled: “Restaurant Group Shares Surge on Report of Cinven Bid Interest” on May 19, 2016. Marketwatch.com‘s news article titled: “Restaurant Group shares slide on profit warning” with publication date: April 29, 2016 was also an interesting one.

The Restaurant Group plc is a United Kingdom company, which operates over 500 restaurants and pub restaurants. The company has a market cap of 696.72 million GBP. The Firm operates through operating restaurants segment. It has a 39.41 P/E ratio. The Company’s portfolio covers a range of categories, including table service, counter service, sandwich shops, pubs and bars.

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