Deutsche Bank Reiterates “Hold” Rating for Marston’s (MARS)
Marston’s (LON:MARS)‘s stock had its “hold” rating restated by stock analysts at Deutsche Bank in a report issued on Thursday, Analyst Ratings Network reports. They currently have a GBX 120 ($1.93) price objective on the stock. Deutsche Bank’s price target points to a potential downside of 16.96% from the company’s current price.
MARS has been the subject of a number of other recent research reports. Analysts at Nplus1 Brewin reiterated a “buy” rating on shares of Marston’s in a research note to investors on Wednesday. They now have a GBX 161 ($2.58) price target on the stock. Separately, analysts at Numis Securities Ltd upgraded shares of Marston’s to a “buy” rating in a research note to investors on Wednesday. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Marston’s from GBX 160 ($2.57) to GBX 140 ($2.25) in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Three analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. Marston’s currently has a consensus rating of “Hold” and an average price target of GBX 146.03 ($2.34).
Shares of Marston’s (LON:MARS) traded down 1.11% on Thursday, hitting GBX 142.90. The stock had a trading volume of 408,752 shares. 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 £813.4 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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