Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPunch Taverns PLC Share News (PUB)

  • There is currently no data for PUB

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Thursday broker round-up UPDATE

Thu, 06th Nov 2014 10:01

Amec: UBS cuts target price from 1185p to 1150p, while its buy recommendation remains unchanged.Afren: Liberum Capital cuts target price from 121p to 95p and stays with its hold recommendation.Antofagasta: Canaccord cuts target price from 790p to 760p and reiterates a hold recommendation.Associated British Foods: Berenberg ups target price from 2850p to 2900p and leaves its hold recommendation unchanged.Bank of Georgia: Numis ups target price from 2708p to 2745p, while downgrading from buy to add.Beazley: Numis downgrades from buy to add with a target price of 305p.BG Group: Liberum Capital reduces target price from 1347p to 1203p and leaves its hold recommendation unchanged.Big Yellow Group: Berenberg starts with a target price of 550p and a hold recommendation.BP: Liberum Capital cuts target price from 485p to 455p and reiterates a hold recommendation.Cairn Energy: Liberum Capital cuts target price from 223p to 201p and retains a hold recommendation.Circle Oil: Liberum Capital lowers target price from 45p to 42p and keeps a buy recommendation.Croma Security Solutions: WH Ireland shifts target price from 50p to 55p, leaving its buy recommendation unchanged.Domino's Pizza: Berenberg initiates with a target price of 770p and a buy recommendation.EnQuest: Liberum Capital cuts target price from 148p to 115p and reiterates a buy recommendation.esure Group: Deutsche Bank cuts target price from 303p to 275p and keeps a buy recommendation. Numis lowers target price to 255p, leaving its add rating unchanged. Berenberg cuts target price from 281p to 261p and reiterates a buy recommendation.Faroe Petroleum: Liberum Capital lowers target price from 169p to 150p and stays with its buy recommendation.Fidessa: FinnCap reduces target price to 2100p and reiterates a hold recommendation.Genel Energy: Liberum Capital reduces target price from 1000p to 864p and keeps a hold recommendation.Hangar8: Cantor Fitzgerald places its target price (prev.: 310p) under review, keeping its buy recommendation.Hargreaves Lansdown: Jefferies reduces target price from 1250p to 1140p, but upgrades to buy.Howdens Joinery: Canaccord raises target price from 410p to 500p and stays with its buy recommendation.Hunting: Deutsche Bank reduces target price from 1000p to 900p and reiterates a buy recommendation. UBS reduces target price from 900p to 735p and stays with its neutral rating.Imperial Tabacco: Jefferies increases target price from 2750p to 2875p, leaving its hold recommendation unchanged.Ithaca Energy: Liberum Capital cuts target price from 178p to 152p and stays with its buy recommendation.Kingfisher: Citi cuts target price from 340p to 310p and reiterates a neutral rating. Credit Suisse cuts target price from 410p to 370p and keeps an outperform rating.Lancashire: Citi reduces target price from 852p to 701p, maintaining its buy recommendation.Lookers: Berenberg initiates with a target price of 175p and a buy recommendation.Marks & Spencer: Citi ups target price from 400p to 450p, leaving its neutral rating unaltered. Deutsche Bank ups target price from 470p to 510p and upgrades to buy. UBS ups target price from 465p to 500p and upgrades from neutral to buy.Meggitt: Citi ups target price from 470p to 485p and retains a neutral rating. JP Morgan ups target price from 435p to 460p, but stays with its underweight rating. Deutsche Bank shifts target price from 455p to 460p and reiterates a hold recommendation.Menzies (John): Numis reduces target price from 761p to 450p, staying with its add rating.Morrison: Cantor Fitzgerald restarts with a target price of 185p and a buy recommendation.Ophir Energy: Liberum Capital cuts target price from 222p to 171p and keeps a hold recommendation.Pendragon: Berenberg starts with a target price of 40p and a buy recommendation.Petroceltic: Liberum Capital lowers target price from 190p to 180p and reiterates a hold recommendation.Premier Foods: Investec cuts target price from 67p to 45p and keeps a hold recommendation.Premier Oil: Liberum Capital reduces target price from 380p to 297p and stays with its hold recommendation.Promethean World: Investec lowers target price from 38p to 30p and retains a hold recommendation.Providence Resources: Liberum Capital reduces target price from 811p to 648p and maintains a buy recommendation.Punch Taverns: Numis upgrades from hold to add with a target price of 175p.Restaurant Group: Berenberg initiates with a target price of 800p and a buy recommendation.Rockhopper: Liberum Capital cuts target price from 272p to 236p, while keeping its buy recommendation.Rolls Royce: Westhouse reduces target price from 1400p to 800p, retaining its neutral rating.Royal Dutch Shell: Liberum Capital cuts target price from 2290p to 2240p and keeps a hold recommendation.Safestore: Berenberg starts with a target price of 260p and a buy recommendation.Spire Healthcare: Investec ups target price from 285p to 307p, maintaining a buy recommendation.Stock Spirits: JP Morgan reduces target price from 335p to 270p and keeps an overweight rating. Jefferies reduces target price from 330p to 260p and retains a buy recommendation. Berenberg reduces target price from 340p to 270p and maintains a buy recommendation.Sweett Group: Westhouse cuts target price from 80p to 50p and maintains a buy recommendation.Tullett Prebon: Citi cuts target price from 340p to 300p and keeps a neutral rating.Tullow Oil: Liberum Capital reduces target price from 1125p to 888p and retains a buy recommendation.Wetherspoon (JD): Deutsche Bank cuts target price from 765p to 700p, reiterating a hold recommendation.Whitbread: Deutsche Bank ups target price from 4567p to 4590p and stays with its hold recommendation.Wincanton: JP Morgan ups target price from 170p to 201p and reiterates an overweight rating.Xcite Energy: Liberum Capital cuts target price from 263p to 199p, maintaining its buy recommendation.888 Holdings: Morgan Stanley ups target price from 185p to 210p and retains an overweight rating.
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.

Read more
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

Read more
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

Read more
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

Read more
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

Read more
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)

Read more
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

Read more
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

Read more
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

Read more
14 Dec 2016 17:32

UPDATE: Battle For Punch Taverns Sparked By Rival Takeover Offers

Read more
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

Read more
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

Read more
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

Read more
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

Read more
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.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.