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Forecast upgrades for Restaurant Group

From The Publican


The Restaurant Group appears to be going from strength to strength following its recent upbeat results.

Both these figures, plus the news that the deal to acquire nightclub operator Living Ventures is in the bag, have led City analysts to continue to upgrade the company's share stance.

Panmure Gordon is among those that have upgraded forecasts, citing "a subsector that can generate attractive returns amid low regulatory risk", and setting a target share price of 150p - 23p above its current trading level.