Citigroup Inc. Lowers Spirit Pub Co PLC Price Target to GBX 90 (SPRT)
Analysts at Citigroup Inc. cut their price objective on shares of Spirit Pub Co PLC (LON:SPRT) from GBX 95 ($1.56) to GBX 90 ($1.48) in a research report issued to clients and investors on Friday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. Citigroup Inc.’s price target indicates a potential upside of 6.19% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Numis Securities Ltd raised their price target on shares of Spirit Pub Co PLC from GBX 100 ($1.64) to GBX 110 ($1.81) in a research note to investors on Tuesday, January 14th. They now have a “buy” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Spirit Pub Co PLC in a research note to investors on Friday, January 10th. They now have a GBX 77 ($1.26) price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 78.63 ($1.29).
Shares of Spirit Pub Co PLC (LON:SPRT) traded down 1.45% during mid-day trading on Friday, hitting GBX 84.75. The stock had a trading volume of 2,390,833 shares. Spirit Pub Co PLC has a 1-year low of GBX 53.00 and a 1-year high of GBX 88.00. The stock has a 50-day moving average of GBX 77. and a 200-day moving average of GBX 74.60.
Spirit Pub Company plc is a United Kingdom-based company. As of July 1, 2011, the Company’s business comprised the managed pub business and the leased pub business comprising, 803 managed pubs and 549 leased pubs, which were carried on within the Punch Group by Spirit Pub Company (LON:SPRT) Limited and its subsidiaries.
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