Restaurant Group price target raised to 60 GBp from 50 GBp at Jefferies

Jefferies analyst James Wheatcroft raised the firm’s price target on Restaurant Group to 60 GBp from 50 GBp and keeps a Buy rating on the shares. The firm believes new segmental financial disclosure at the interims will likely lead to sum-of-the-parts analysis aplenty. In addition, Jefferies upgrades 2023 EBITDA estimates by 9%.