Marston’s Stock Rating Reaffirmed by Numis Securities Ltd (MARS)
Marston’s (LON:MARS)‘s stock had its “add” rating restated by research analysts at Numis Securities Ltd in a report released on Tuesday, Analyst Ratings Network.com reports. They currently have a GBX 185 ($2.98) price objective on the stock. Numis Securities Ltd’s price objective suggests a potential upside of 22.52% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. downgraded shares of Marston’s (LON:MARS) from an “overweight” rating to a “neutral” rating in a research note to investors on Thursday, September 12th. They now have a GBX 160 ($2.58) price target on the stock, down previously from GBX 180 ($2.90). Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Marston’s (LON:MARS) in a research note to investors on Thursday, August 15th. They now have a GBX 120 ($1.94) price target on the stock. Finally, analysts at Bank of America Corp. raised their price target on shares of Marston’s (LON:MARS) from GBX 145 ($2.34) to GBX 150 ($2.42) in a research note to investors on Monday, August 12th. They now have an “underperform” rating on the stock. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 148.65 ($2.40).
Marston’s (LON:MARS) traded down 1.92% on Tuesday, hitting GBX 148.10. The stock had a trading volume of 479,677 shares. Marston’s has a 1-year low of GBX 113.00 and a 1-year high of GBX 166.00. The stock’s 50-day moving average is GBX 157.5 and its 200-day moving average is GBX 147.. The company’s market cap is £843.0 million.
Marston’s PLC is engaged in operating managed, tenanted and leased public houses, brewing beer and wholesaling beer, wines spirits and soft drinks.
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