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Pin to quick picksPunch Taverns PLC Share News (PUB)

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Thursday broker round-up UPDATE

Thu, 09th Oct 2014 09:27

African Barrick Gold: Numis reduces target price from 330p to 270p keeping its hold recommendation.Antofagasta: Numis upgrades to hold with a target price of 700p.Aureus Mining: Numis lowers target price from 45p to 40p staying with its buy recommendation.Boohoo: Barclays initiates with a target price of 65p and an overweight rating.Brown (N) Group: N+1 Singer places both its target price (prev.: 585p) and its buy recommendation under review. Investec places both its target price (prev.: 520p) and its buy recommendation under review.Burberry Group: Deutsche Bank ups target price from 1550p to 1600p keeping its hold recommendation.BTG: N+1 Singer raises target price from 486p to 611p, but still recommends selling.Caledonia Mining: Numis lowers target price from 90p to 85p and stays with its buy recommendation.Centamin: Numis lowers target price from 70p to 60p leaving its hold recommendation unchanged.Chaarat Gold: Numis lowers target price from 30p to 25p and keeps a buy recommendation.Condor Resources: Numis lowers target price from 110p to 100p, while staying with its buy recommendation.Consort Medical: N+1 Singer reduces target price from 1100p to 950p and downgrades from buy to hold. Canaccord Genuity reduces target price from 1182p to 996p and keeps a buy recommendation.Direct Line: JP Morgan cuts target price from 280p to 240p and maintains a neutral rating.Dunelm: JP Morgan upgrades to overweight with a target price of 1000p.Electrocomponents: Canaccord Genuity reduces target price from 313p to 200p downgrading to hold.Euromoney: Westhouse Securities cuts target price from 1090p to 1063p and reiterates a neutral rating.Europa Oil & Gas: Northland Capital shifts target price from 10.3p to 11.1p reiterating its buy recommendation.Ferrexpo: Numis cuts target price from 140p to 100p and stays with its hold recommendation.First Quantum Minerals: Numis upgrades to buy with a target price of 1500p.Fresnillo: Numis reduces target price from 1250p to 1100p keeping its buy recommendation.Green Dragon Gas: Cantor Fitzgerald initiates with a target price of 952p and a buy recommendation.Highland Gold: Numis lowers target price from 100p to 90p and retains a buy recommendation.Hochschild Mining: Numis cuts target price from 160p to 140p and retains a hold recommendation.HSBC Holdings: Investec ups target price from 620p to 650p and upgrades to add.InterContinental Hotels Group: Credit Suisse raises target price from 1980p to 2130p staying with its underperform rating.Investec: Barclays initiates with an overweight rating.Kazakhmys: Numis lowers target price from 290p to 280p and retains a hold recommendation.Man Group: Panmure Gordon ups target price from 125p to 145p upgrading to buy.Minera IRL: Numis lowers target price from 20p to 15p and maintains a buy recommendation.Northbridge: Westhouse Securities raises target price from 571p to 690p maintaining a buy recommendation.Petra Diamonds: Numis moves target price from 240p to 250p upgrading to buy.Petropavlovsk: Numis lowers target price from 30p to 20p, while upgrading to reduce.Polar Capital: Numis cuts target price from 490p to 475p and leaves its add rating unchanged. Canaccord Genuity cuts target price from 667p to 615p reiterating a buy recommendation.Punch Taverns: Numis upgrades from hold to buy with a target price of 10p.Randgold Resources: Numis reduces target price from 5800p to 51000p, while upgrading to buy.Scapa: Numis shifts target price from 145p to 150p and upgrades from hold to add.Spirent: Numis reduces target price from 135p to 80p and downgrades from buy to add. Canaccord Genuity reduces target price from 120p to 80p retaining a hold recommendation. Liberum Capital lowers target price from 100p to 90p retaining a hold recommendation.Supergroup: Berenberg lowers target price from 1490p to 1480p, while retaining its buy recommendation.Vodafone: Nomura lowers target price from 190p to 180p and downgrades to reduce.Wolf Minerals: Numis lowers target price from 23p to 21p and keeps a buy recommendation.
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.

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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

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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

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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

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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

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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)

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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

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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

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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

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14 Dec 2016 17:32

UPDATE: Battle For Punch Taverns Sparked By Rival Takeover Offers

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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

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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

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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

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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

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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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