Spirit Pub Co PLC Receives “Buy” Rating from Numis Securities Ltd (SPRT)
Spirit Pub Co PLC (LON:SPRT)‘s stock had its “buy” rating reaffirmed by research analysts at Numis Securities Ltd in a report released on Thursday, AR Network reports. They currently have a GBX 110 ($1.85) target price on the stock. Numis Securities Ltd’s price target would indicate a potential upside of 40.13% from the stock’s previous close.
Shares of Spirit Pub Co PLC (LON:SPRT) opened at 81.2161 on Thursday. Spirit Pub Co PLC has a 52-week low of GBX 59.75 and a 52-week high of GBX 88.00. The stock’s 50-day moving average is GBX 80.97 and its 200-day moving average is GBX 78.28.
SPRT has been the subject of a number of other recent research reports. Analysts at Panmure Gordon reiterated a “buy” rating on shares of Spirit Pub Co PLC in a research note on Friday, March 14th. They now have a GBX 110 ($1.85) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Spirit Pub Co PLC in a research note on Friday, March 14th. They now have a GBX 77 ($1.29) price target on the stock. Finally, analysts at Jefferies Group downgraded shares of Spirit Pub Co PLC to a “hold” rating in a research note on Monday, February 24th. They now have a GBX 85 ($1.43) price target on the stock, up previously from GBX 75 ($1.26). One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Spirit Pub Co PLC currently has an average rating of “Hold” and a consensus target price of GBX 84.78 ($1.42).
Spirit Pub Company plc is a United Kingdom-based company. The Company’s trading activities include two divisions: Managed division, which involves pubs that are directly managed by the Company , and Leased division, which involves the granting of leases to licensees who run the pub as their own business, paying rent to the Company , purchasing beer and other drinks from the Company and entering into profit sharing arrangements for income from leisure machines.
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