The Restaurant Group (RTN.L) 31-01-20
Will The Restaurant Group (RTN.L) shares break below the 129p support zone, or will it return to highs of 166p (+27%)?
- Currently trading around the 129p support at 129.8p (at time of writing).
- The support has proven robust to date. Will the pattern repeat?
- The price has tested this level repeatedly. Traders should be mindful of stop-loss placement.
- Will the share price bounce once again to recent highs of 166p? (+27%).
- Technical traders should be mindful of news and developments. Check our website and the press for updates.
- Shares -22% from 12-month highs; +16% from 12 month lows.
Latest News
29 Jan: HSBC has downgraded its rating on Restaurant Group (The) (RTN) to hold (from buy) and reduced the target price to 150p (from 175p).
03 Oct: Liberum Capital reiterates its hold rating on Restaurant Group (The) (RTN) and reduced the target price to 150p (from 170p).
10 Sep: Andy Hornby, Chairman, bought 232,471 shares within the firm on the 10th September 2019 at a price of 128.40p. This Director currently has 232,471 shares.
03 Sep: Restaurant Group, the Garkfunkels and Wagamama owner, moved to an H1 loss after booking a large write-down on the value of some assets. Despite this, it said that sales were improving.
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires