Citigroup Inc. Reiterates Sell Rating for Marston’s (MARS)
Marston’s (LON:MARS)‘s stock had its “sell” rating reiterated by research analysts at Citigroup Inc. in a report released on Monday, Analyst Ratings Network reports. They currently have a GBX 130 ($2.09) price target on the stock. Citigroup Inc.’s price target suggests a potential downside of 10.59% from the company’s current price.
MARS has been the subject of a number of other recent research reports. Analysts at Panmure Gordon reiterated a “hold” rating on shares of Marston’s in a research note to investors on Friday. They now have a GBX 135 ($2.17) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Marston’s in a research note to investors on Tuesday, October 1st. They now have a GBX 185 ($2.97) price target on the stock. Finally, analysts at JPMorgan Chase & Co. downgraded shares of Marston’s from an “overweight” rating to a “neutral” rating in a research note to investors on Thursday, September 12th. They now have a GBX 160 ($2.57) price target on the stock, down previously from GBX 180 ($2.89). Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 149.41 ($2.40).
Shares of Marston’s (LON:MARS) traded down 2.54% on Monday, hitting GBX 141.70. 392,377 shares of the company’s stock traded hands. Marston’s has a one year low of GBX 116.40 and a one year high of GBX 166.00. The stock has a 50-day moving average of GBX 157.5 and a 200-day moving average of GBX 147.. The company’s market cap is £806.6 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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