Punch Taverns PLC Share News (PUB)

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BROKER RATINGS SUMMARY: Merrill Resumes Insurers With Underperform

Tue, 01st Sep 2015 08:44

LONDON (Alliance News) - The following shares received analyst recommendations Tuesday morning and Friday:
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FTSE 100
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JPMORGAN CUTS INTU PROPERTIES PRICE TARGET TO 370 (390) PENCE - 'NEUTRAL'
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JPMORGAN CUTS HAMMERSON PRICE TARGET TO 730 (740) PENCE - 'OVERWEIGHT'
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JPMORGAN RAISES BRITISH LAND PRICE TARGET TO 1000 (970) PENCE - 'OVERWEIGHT'
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CITIGROUP RAISES RBS PRICE TARGET TO 300 (290) PENCE - 'SELL'
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NOMURA RAISES ITV PRICE TARGET TO 300 (285) PENCE - 'BUY'
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NOMURA INITIATES DIXONS CARPHONE WITH 'NEUTRAL' - TARGET 450 PENCE
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TRADERS: CANACCORD CUTS BHP BILLITON PRICE TARGET TO 1,260 (1,380) PENCE
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TRADERS: HSBC CUTS PRICE TARGET BP TO 410 (510) PENCE
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TRADERS: HSBC RAISES SHELL TO 'BUY' ('HOLD')
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TRADERS: HSBC RAISES BG GROUP TO 'BUY' ('HOLD')
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TRADERS: CREDIT SUISSE CUTS NEXT TO 'UNDERPERFORM' ('NEUTRAL')
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HSBC CUTS WEIR GROUP PRICE TARGET TO 1500 (1700) PENCE - 'HOLD'
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HSBC CUTS SMITHS GROUP PRICE TARGET TO 1000 (1050) PENCE - 'REDUCE'
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CHARLES STANLEY RAISES BUNZL TO 'ACCUMULATE' ('HOLD')
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FTSE 250
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Deutsche Raises Restaurant Group To Buy From Hold, Price Target 785p
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JPMORGAN RAISES WORKSPACE GROUP PRICE TARGET TO 1100 (980) PENCE - 'OVERWEIGHT'
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JPMORGAN RAISES UNITE GROUP PRICE TARGET TO 770 (700) PENCE - 'OVERWEIGHT'
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JPMORGAN RAISES SHAFTESBURY PRICE TARGET TO 1050 (980) PENCE - 'OVERWEIGHT'
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JPMORGAN RAISES SEGRO PRICE TARGET TO 500 (490) PENCE - 'OVERWEIGHT'
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JPMORGAN RAISES LONDONMETRIC PROPERTY TARGET TO 195 (185) PENCE - 'OVERWEIGHT'
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JPMORGAN RAISES DERWENT LONDON PRICE TARGET TO 4150 (3900) PENCE - 'OVERWEIGHT'
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JPMORGAN RAISES BIG YELLOW GROUP PRICE TARGET TO 790 (780) PENCE - 'OVERWEIGHT'
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JPMORGAN CUTS GRAINGER PLC TO 'NEUTRAL' ('OVERWEIGHT') - TARGET 260 (245) PENCE
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JPMORGAN RAISES ST MODWEN PROPERTIES TO 'NEUTRAL' ('UNDERWEIGHT') - TARGET 530 (510) P.
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NUMIS RAISES ONESAVINGS BANK PRICE TARGET TO 307 (264) PENCE - 'HOLD'
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NUMIS RAISES ALDERMORE TO 'ADD' ('HOLD') - TARGET 324 (268) PENCE
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MERRILL LYNCH RESUMES LANCASHIRE WITH 'UNDERPERFORM' - TARGET 575 PENCE
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MERRILL LYNCH RESUMES AMLIN WITH 'UNDERPERFORM' - TARGET 484 PENCE
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MERRILL LYNCH RESUMES HISCOX WITH 'UNDERPERFORM' - TARGET 883 PENCE
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TRADERS: INVESTEC CUTS ZOOPLA PROPERTY PRICE TARGET TO 236 (239) PENCE
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TRADERS: JPMORGAN RAISES GREAT PORTLAND PRICE TARGET TO 950 (920) PENCE
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TRADERS: BARCLAYS RAISES COMPUTACENTER PRICE TARGET TO 715 (660) PENCE
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TRADERS: JPMORGAN RAISES CAPITAL & COUNTIES PRICE TARGET TO 490 (450) PENCE
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HSBC CUTS SPECTRIS PRICE TARGET TO 2300 (2400) PENCE - 'BUY'
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HSBC CUTS IMI PRICE TARGET TO 1150 (1250) PENCE - 'HOLD'
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GOLDMAN SACHS RAISES POLYMETAL PRICE TARGET TO 570 (520) PENCE - 'CONVICTION BUY LIST'
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GOLDMAN SACHS CUTS HAYS PRICE TARGET TO 220 (226) PENCE - 'BUY'
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MAIN MARKET AND AIM
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NUMIS RAISES PUNCH TAVERNS PRICE TARGET TO 180 (160) PENCE - 'BUY'
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JPMORGAN CUTS HELICAL BAR TO 'NEUTRAL' ('OVERWEIGHT') - TARGET 480 (470) PENCE
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N+1 Downgrades Innovation Group To Hold From Buy, Cuts Price Target To 40p from 40.5p
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PANMURE CUTS INNOVATION GROUP TO 'HOLD' ('BUY') - TARGET 40 (51) PENCE
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Numis Cuts Lamprell Price Target To 208p From 219p, Keeps Buy
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TRADERS: CANACCORD CUTS GULF KEYSTONE PRICE TARGET TO 25 (30) PENCE
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TRADERS: JPMORGAN RAISES CAPITAL & REGIONAL PRICE TARGET TO 78 (66) PENCE
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GOLDMAN CUTS GEM DIAMONDS PRICE TARGET TO 155 (160) PENCE - 'NEUTRAL'
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GOLDMAN CUTS EXOVA PRICE TARGET TO 225 (230) PENCE - 'BUY'
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NUMIS RAISES MARSHALLS GROUP PRICE TARGET TO 350 (313) PENCE - 'ADD'
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GOLDMAN RAISES POLYUS GOLD PRICE TARGET TO 213 (205) PENCE - 'NEUTRAL'
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Copyright 2015 Alliance News Limited. All Rights Reserved.

More News

17 Mar 2020 09:50

Johnson warned Covid-19 plan could end pub industry 'in days'

(Sharecast News) - The UK's pub industry warned it faced an existential crisis and could be lost in "days" after the government advised people to avoid bars and restaurants to combat the spread of coronavirus.

6 Feb 2017 09:37

Heineken closes in on Punch Taverns pub acquisition

BRUSSELS, Feb 6 (Reuters) - Heineken NV is closing in on its acquisition of some 1,900 pubs in Britain after an investment vehicle linked to the Dutch brewer increased its stake in Punch Taverns. Heineken and partner Patron Capital agreed to buy and break up Punch at 180 pence per share for

1 Feb 2017 14:45

UPDATE 1-Emerald abandons Punch bid, leaving Heineken unrivaled in pubs takeover

(Adds share activity) LONDON, Feb 1 (Reuters) - Emerald Investment Partners said it has decided not to make a takeover offer for Punch Taverns , leaving Heineken unrivaled in its bid to buy and break up the UK pub company. Shares of Punch, the country's second-biggest operator with mo

1 Feb 2017 13:52

Emerald abandons Punch bid, leaving Heineken unrivaled in pubs takeover

LONDON, Feb 1 (Reuters) - Emerald Investment Partners said on Wednesday it is not planning to make a takeover offer for Punch Taverns, reversing course and leaving Heineken unrivaled in its bid to buy and break up the company. Emerald, the investment firm of Punch founder Alan McIntosh, ma

16 Dec 2016 09:44

Canaccord Genuity hikes target on Punch Taverns

(ShareCast News) - Analysts at Canaccord Genuity hiked their target price for shares of Punch Taverns following the company's acceptance of the 180p per share cash offer from Vine Acquisitions, the acquisition vehicle for Patron Capital and Heineken. The bid, which had been accepted by the company's

15 Dec 2016 16:42

UPDATE 2-Heineken and Patron agree to buy, break up UK's Punch Taverns

* To pay 180 pence a share, 40 pct above Tuesday's close * Punch has received a higher rival proposal, but no bid * Punch shares jump to 2-year high on hopes of bidding war (Adds Heineken rationale, possible counter bid) By Rahul B and Philip Blenkinsop Dec 15 (Reuters)

15 Dec 2016 13:40

Punch Taverns agrees to takeover from Heineken and partner

Dec 15 (Reuters) - British pub operator Punch Taverns Plc has agreed to a takeover offer from Dutch brewer Heineken NV and investment partner Patron Capital, it said on Thursday. Britain's second-largest pub operator by number of pubs said the deal had received support from its top three s

14 Dec 2016 20:59

CORRECTED-UPDATE 3-Heineken in bid battle for Punch Taverns

(Corrects to show Heineken splitting portfolio with investment partner Patron; paragraphs 1, 10, 11) * Heineken, Patron vs Alan McIntosh in $400 mln takeover * Heineken already has a pub business with good margins * Suitors have until Jan. 11 to make official bids By Marti

14 Dec 2016 17:39

Emerald confirms proposal for Punch Taverns

LONDON, Dec 14 (Reuters) - Emerald Investment Partners, the investment firm of Punch Taverns founder Alan McIntosh, confirmed on Wednesday that it had proposed to buy Punch for 185 pence per share. Emerald, which is bidding against global brewer Heineken , said its proposal did not constitu

14 Dec 2016 17:32

UPDATE: Battle For Punch Taverns Sparked By Rival Takeover Offers

14 Dec 2016 12:37

Punch Tavern gets two takeover approaches

Dec 14 (Reuters) - Punch Taverns Plc, Britain's second largest pub operator by number of pubs, said on Wednesday that it received two takeover approaches, including one from Heineken. Punch Tavern said it received a proposal from Patron Capital Advisers on behalf of Heineken for 174 pence p

14 Dec 2016 12:02

Punch Taverns surges on two takeover offers, one from Heineken

(ShareCast News) - Shares in Punch Taverns rocketed on Wednesday after the pub operator confirmed it has received two takeover offers, one from Patron Capital Advisers on behalf of Dutch brewer Heineken and the other from Emerald Investment Partners. Patron has offered 174p per share, while Emera

8 Nov 2016 08:12

Punch Taverns swings to profit

(ShareCast News) - Pub operator Punch Taverns swung to a pre-tax profit in the 52 weeks to 20 August. In its preliminary full-year results, the group said pre-tax profit came in at £60m versus a loss of £105m the year before. However, underlying pre-tax profit fell to £53m from £61m and revenue decl

31 Aug 2016 09:35

Punch Taverns says full year trading in line

(ShareCast News) - Pub operator Punch Taverns reported a rise in average profit per pub for the 52 weeks to 20 August, with like-for-like net income growth in the core estate. In a trading statement for the full year, the company said profit per pub was up around 4%, while core estate LFL net income

20 Apr 2016 10:04

Punch Taverns profit drops but new strategy beginning to bear fruit

(ShareCast News) - Punch Taverns posted a drop in first-half pre-tax profit on Wednesday but shares in the pub group rallied as investors welcomed signs of progress on the strategy set out back in November. In the 28 weeks to 5 March, pre-tax profit tumbled to £54.7 from £348.5m, on revenue of £212.

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BROKER RATINGS SUMMARY: Merrill Resumes Insurers With Underperform

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