Deutsche Bank Increases Spirit Pub Co PLC Price Target to GBX 100 (SPRT)
Equities research analysts at Deutsche Bank lifted their target price on shares of Spirit Pub Co PLC (LON:SPRT) from GBX 77 ($1.29) to GBX 100 ($1.68) in a research note issued to investors on Monday, AnalystRatings.Net reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price objective would indicate a potential upside of 26.58% from the company’s current price.
A number of other analysts have also recently weighed in on SPRT. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Spirit Pub Co PLC in a research note on Thursday. They now have a GBX 110 ($1.85) price target on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Spirit Pub Co PLC has a consensus rating of “Hold” and a consensus target price of GBX 87.33 ($1.47).
Spirit Pub Co PLC (LON:SPRT) opened at 79.50 on Monday. Spirit Pub Co PLC has a 1-year low of GBX 61.75 and a 1-year high of GBX 88.00. The stock’s 50-day moving average is GBX 80.79 and its 200-day moving average is GBX 78.30.
The company also recently declared a dividend, which is scheduled for Tuesday, June 3rd. Stockholders of record on Wednesday, May 7th will be given a dividend of GBX 0.72 ($0.01) per share. This represents a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, May 7th.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.