Spirit Pub Co PLC Receives Neutral Rating from Nomura (SPRT)
Spirit Pub Co PLC (LON:SPRT)‘s stock had its “neutral” rating reaffirmed by Nomura in a research note issued on Friday, American Banking News.com reports. They currently have a GBX 75 ($1.23) price objective on the stock. Nomura’s target price would indicate a potential downside of 9.64% from the stock’s previous close.
A number of other analysts have also recently weighed in on SPRT. Analysts at Barclays raised their price target on shares of Spirit Pub Co PLC from GBX 75 ($1.23) to GBX 91 ($1.50) in a research note to investors on Wednesday. They now have an “equal weight” rating on the stock. Separately, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Spirit Pub Co PLC in a research note to investors on Monday, February 3rd. They now have a GBX 110 ($1.81) price target on the stock. Finally, analysts at Citigroup Inc. cut their price target on shares of Spirit Pub Co PLC from GBX 95 ($1.56) to GBX 90 ($1.48) in a research note to investors on Friday, January 24th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. Spirit Pub Co PLC has a consensus rating of “Buy” and an average target price of GBX 84.75 ($1.39).
Shares of Spirit Pub Co PLC (LON:SPRT) opened at 83.00 on Friday. Spirit Pub Co PLC has a 52 week low of GBX 53.00 and a 52 week high of GBX 88.00. The stock has a 50-day moving average of GBX 80.73 and a 200-day moving average of GBX 75.57.
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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