Punch Taverns Downgraded by Panmure Gordon to Sell (PUB)
Punch Taverns (LON:PUB) was downgraded by equities research analysts at Panmure Gordon to a “sell” rating in a research note issued to investors on Wednesday, Analyst Ratings Network.com reports. They currently have a GBX 7 ($0.11) target price on the stock. Panmure Gordon’s target price points to a potential downside of 52.54% from the stock’s previous close.
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’s 50-day moving average is GBX 13.05 and its 200-day moving average is GBX 12.03. The company’s market cap is £93.1 million.
Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd downgraded shares of Punch Taverns (LON:PUB) from a “buy” rating to a “hold” rating in a research note to investors on Wednesday. They now have a GBX 15 ($0.24) price target on the stock.
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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