Numis Securities Ltd Downgrades Punch Taverns to Hold (PUB)
Punch Taverns (LON:PUB) was downgraded by equities research analysts at Numis Securities Ltd from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, StockRatingsNetwork.com reports. They currently have a GBX 15 ($0.24) target price on the stock. Numis Securities Ltd’s price target would indicate a potential upside of 1.69% from the company’s current price.
Shares of Punch Taverns (LON:PUB) opened at 14.00 on Wednesday. Punch Taverns has a one year low of GBX 6.06 and a one year high of GBX 16.25. The stock has a 50-day moving average of GBX 13.05 and a 200-day moving average of GBX 12.03. The company’s market cap is £93.1 million.
Punch Taverns plc is a United Kingdom-based pub company. The Company is engaged in the operation of public houses under either the leased model or as directly managed by the Company.
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