RTN Share and Price Forecast: The Shares are going Sideways

• Earnings are expected to increase by 93.19% every year.
• The stock is trading at a decent price compared to its peers in the industry.
• Analysts predict that the stock price will climb by 48.7%.

The Restaurant Group’s 12-month average price target is 53.83 p, as per the analyst ratings. The Restaurant Group has a 25.99% upside potential, based on the analysts’ average price target. The Restaurant Group has a consensus rating of Moderate Buy.

The Restaurant Group plc has a market capitalization of $0.40 Billion as of August 2023. According to the statistics, this places The Restaurant Group plc at the 5845th most valuable business in the world by market capitalization. The Restaurant Group plc’s current revenue (TTM) is $0.85 Billion, according to the company’s most recent financial filings. The firm produced $0.85 Billion in revenue in 2021, an increase from $0.62 Billion in revenue in 2020.

The highest end-of-day price was 5.39446411 GBP ($8.32 USD) on 2015-02-27 and the Lowest end-of-day price was 0 GBP on 2021-12-20. According to the latest financial reports and stock prices, the company’s current price-to-earnings ratio (TTM) is -768.786. As per the financial reports, the company’s total debt is $0.73 B.

On the Daily Chart, we find the RTN Moving average convergence Divergence (MACD) indicator is 0.87, indicating a selling pressure, while the RTN 20-day exponential moving average is 42.52, indicating buying and the share price is 41.05p, indicating a Buy. RTN’s 50-day exponential moving average is 41.85, and its share price is 41.05p, indicating that it is favorable for the buyers.

The indicator signals are, the RTN relative strength index (RSI) is 57.38, indicating neutral; the RTN trend strength indicator (ADX) is 25.14, indicating neutral; the RTN commodity channel index (CCI) is 67.42, indicating neutral; and the RTN price rate of change (ROC) is 4.82, indicating a buy.

Based on Wall Street analysts offering 12-month price targets for The Restaurant Group in the last 3 months, the average price target is 53.83p with a high forecast of 60.00p and a low forecast of 45.00p. The average price target represents a 31.13% change from the last price of 41.05p.

Conclusion:

In the coming market, RTN will be high. The Restaurant Group reported an EPS of 0.021p in its, following the earnings report the stock price went down -15.357%.

Technical Level:

Resistance Level (R3): 43.433

Resistance Level (R2): 42.617

Resistance Level (R1): 41.833

Pivot Point: 41.017

Support Level (S1): 40.233

Support Level (S2): 39.417

Support Level (S3): 38.633