Punch Taverns plc (PUB) Rating Reiterated by Canaccord Genuity
Punch Taverns plc (LON:PUB)‘s stock had its “hold” rating reiterated by equities researchers at Canaccord Genuity in a note issued to investors on Tuesday. They currently have a GBX 110 ($1.37) price target on the stock. Canaccord Genuity’s price target would indicate a potential downside of 4.66% from the company’s previous close.
PUB has been the subject of several other reports. Barclays PLC restated an “outperform” rating and set a GBX 214 ($2.67) price objective on shares of Punch Taverns plc in a research report on Thursday, August 25th. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 180 ($2.25) target price on shares of Punch Taverns plc in a research report on Wednesday, August 31st.
Punch Taverns plc (LON:PUB) opened at 114.00 on Tuesday. Punch Taverns plc has a 12-month low of GBX 84.00 and a 12-month high of GBX 133.00. The stock’s 50 day moving average price is GBX 107.97 and its 200 day moving average price is GBX 101.77. The company’s market cap is GBX 252.96 million.
About Punch Taverns plc
Punch Taverns plc is a United Kingdom-based pub company. The Company is engaged in the operation of public houses under the leased model, which involves the granting of leases to tenants operating 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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