Rob Pitcher Buys 50,000 Shares of Revolution Bars Group PLC (RBG) Stock

Revolution Bars Group PLC (LON:RBG) insider Rob Pitcher acquired 50,000 shares of Revolution Bars Group stock in a transaction on Wednesday, October 17th. The shares were bought at an average price of GBX 116 ($1.52) per share, with a total value of £58,000 ($75,787.27).

Shares of RBG traded up GBX 0.10 ($0.00) during mid-day trading on Wednesday, reaching GBX 115 ($1.50). The stock had a trading volume of 217,231 shares, compared to its average volume of 123,128. Revolution Bars Group PLC has a 52-week low of GBX 99 ($1.29) and a 52-week high of GBX 233 ($3.04).

The company also recently disclosed a dividend, which will be paid on Friday, December 7th. Investors of record on Thursday, November 8th will be issued a GBX 3.30 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a dividend yield of 2.69%. This is a positive change from Revolution Bars Group’s previous dividend of $1.65.

RBG has been the subject of a number of recent research reports. Peel Hunt reduced their target price on shares of Revolution Bars Group from GBX 240 ($3.14) to GBX 200 ($2.61) and set a “buy” rating for the company in a research report on Monday, August 6th. Canaccord Genuity reiterated a “buy” rating and issued a GBX 190 ($2.48) target price on shares of Revolution Bars Group in a research report on Monday, September 10th. Finally, Numis Securities reiterated a “buy” rating and issued a GBX 190 ($2.48) target price on shares of Revolution Bars Group in a research report on Monday, September 10th.

Revolution Bars Group Company Profile

Revolution Bars Group plc operates premium bars located in towns or city high streets across the United Kingdom. Its bars offer food and drinks. The company operates 69 bars, including 55 bars under the Revolution and 14 under the Revolución de Cuba brand names. Revolution Bars Group plc was founded in 1991 and is headquartered in Ashton-Under-Lyne, the United Kingdom.

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