Time to Buy Punch Taverns plc After Today’s Huge Increase?

 Time to Buy Punch Taverns plc After Today's Huge Increase?

The stock of Punch Taverns plc (LON:PUB) is a huge mover today! The stock increased 0.63% or GBX 0.73 on November 28, hitting GBX 117.48. About 366,311 shares traded hands. Punch Taverns plc (LON:PUB) has risen 6.14% since April 28, 2016 and is uptrending. It has outperformed by 0.12% the S&P500.
The move comes after 7 months positive chart setup for the GBX 258.28 million company. It was reported on Nov, 28 by Barchart.com. We have GBX 126.88 PT which if reached, will make LON:PUB worth GBX 20.66 million more.

Punch Taverns plc (LON:PUB) Ratings Coverage

Out of 4 analysts covering Punch Taverns PLC (LON:PUB), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. GBX 214 is the highest target while GBX 110 is the lowest. The GBX 156.25 average target is 33.00% above today’s (GBX 117.48) stock price. Punch Taverns PLC has been the topic of 30 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was maintained by Canaccord Genuity on Friday, September 25 with “Hold”. Numis Securities maintained the stock with “Buy” rating in Monday, August 24 report. As per Friday, July 31, the company rating was maintained by Canaccord Genuity. The stock has “Hold” rating given by Canaccord Genuity on Friday, January 8. The firm has “Overweight” rating by Barclays Capital given on Tuesday, August 25. The stock of Punch Taverns plc (LON:PUB) has “Hold” rating given on Friday, September 18 by Canaccord Genuity. The stock of Punch Taverns plc (LON:PUB) earned “Buy” rating by Numis Securities on Tuesday, October 20. Canaccord Genuity maintained it with “Hold” rating and GBX 110 target price in Tuesday, November 15 report. Canaccord Genuity maintained the shares of PUB in a report on Thursday, September 1 with “Hold” rating. Deutsche Bank maintained the stock with “Hold” rating in Monday, February 1 report.

Punch Taverns plc is a United Kingdom pub company. The company has a market cap of 258.28 million GBP. The Firm 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. It has a 4 P/E ratio. The Company’s divisions include core estate and non-core estate.

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