Marston’s Given “Hold” Rating at Panmure Gordon (MARS)
Marston’s (LON:MARS)‘s stock had its “hold” rating reaffirmed by stock analysts at Panmure Gordon in a report issued on Friday, Stock Ratings Network.com reports. They currently have a GBX 135 ($2.18) price target on the stock. Panmure Gordon’s target price suggests a potential downside of 6.64% from the stock’s previous close.
Shares of Marston’s (LON:MARS) traded up 0.55% during mid-day trading on Friday, hitting GBX 145.40. The stock had a trading volume of 371,434 shares. Marston’s has a 52-week low of GBX 115.80 and a 52-week 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 £827.6 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of Marston’s (LON:MARS) in a research note to investors on Tuesday. They now have a GBX 185 ($2.98) price target on the stock. Separately, 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). Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 148.65 ($2.40).
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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