Marston’s's Hold Rating Reaffirmed at Panmure Gordon (MARS)
Marston’s (LON:MARS)‘s stock had its “hold” rating reaffirmed by equities research analysts at Panmure Gordon in a research note issued to investors on Wednesday, Analyst Ratings.Net reports. They currently have a GBX 135 ($2.16) price objective on the stock. Panmure Gordon’s price objective would indicate a potential downside of 8.78% from the stock’s previous close.
Marston’s (LON:MARS) traded up 0.41% during mid-day trading on Wednesday, hitting GBX 148.60. 834,608 shares of the company’s stock traded hands. Marston’s has a 52-week low of GBX 116.40 and a 52-week 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 £845.8 million.
MARS has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Marston’s in a research note to investors on Thursday, October 10th. They now have a GBX 120 ($1.92) price target on the stock. Separately, analysts at Nplus1 Brewin reiterated a “buy” rating on shares of Marston’s in a research note to investors on Wednesday, October 9th. They now have a GBX 161 ($2.57) price target on the stock. Finally, analysts at Numis Securities Ltd upgraded shares of Marston’s to a “buy” rating in a research note to investors on Wednesday, October 9th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 146.03 ($2.33).
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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