Numis Securities Ltd Upgrades Stock Spirits Group PLC (LON:STCK) to “Buy”

Stock Spirits Group PLC (LON:STCK) was upgraded by stock analysts at Numis Securities Ltd to a “buy” rating in a research report issued on Wednesday, August 9th, MarketBeat reports. The brokerage currently has a GBX 200 ($2.60) price target on the stock. Numis Securities Ltd’s price target points to a potential downside of 4.42% from the stock’s previous close.

A number of other equities research analysts have also commented on the stock. J P Morgan Chase & Co decreased their price objective on shares of Stock Spirits Group PLC from GBX 190 ($2.47) to GBX 180 ($2.34) and set a “neutral” rating on the stock in a report on Friday, July 7th. Whitman Howard reissued a “buy” rating and set a GBX 240 ($3.12) price objective on shares of Stock Spirits Group PLC in a report on Thursday, July 20th.

Stock Spirits Group PLC (LON:STCK) opened at 209.25 on Wednesday. The stock’s market cap is GBX 418.37 million. Stock Spirits Group PLC has a 52 week low of GBX 146.25 and a 52 week high of GBX 214.00. The company has a 50-day moving average price of GBX 171.58 and a 200-day moving average price of GBX 174.89.

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In other Stock Spirits Group PLC news, insider Diego Bevilacqua purchased 8,836 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was bought at an average cost of GBX 168 ($2.18) per share, with a total value of £14,844.48 ($19,271.04). Also, insider Miroslaw Stachowicz purchased 29,022 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were acquired at an average cost of GBX 171 ($2.22) per share, with a total value of £49,627.62 ($64,426.35). Insiders purchased a total of 52,858 shares of company stock worth $8,892,210 over the last quarter.

About Stock Spirits Group PLC

Stock Spirits Group PLC is a United Kingdom-based spirits company. The Company, together with its subsidiaries, is involved in the production and distribution of branded spirits in Central and Eastern Europe. It operates through five segments: Poland, Czech Republic, Italy, Other Operational and Corporate.

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