Marston’s Downgraded to Neutral at Nomura (MARS)
Marston’s (LON:MARS) was downgraded by equities research analysts at Nomura to a “neutral” rating in a research note issued to investors on Friday, AnalystRatingsNetwork reports. They currently have a GBX 143 ($2.35) price target on the stock, up from their previous price target of GBX 116 ($1.91). Nomura’s price target points to a potential downside of 2.39% from the stock’s previous close.
Shares of Marston’s (LON:MARS) opened at 146.50 on Friday. Marston’s has a 52 week low of GBX 128.90 and a 52 week high of GBX 166.00. The stock’s 50-day moving average is GBX 147.6 and its 200-day moving average is GBX 151.4. The company’s market cap is £834.5 million.
Several other analysts have also recently commented on the stock. Analysts at HSBC cut their price target on shares of Marston’s from GBX 160 ($2.63) to GBX 150 ($2.47) in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Marston’s in a research note to investors on Wednesday. They now have a GBX 150 ($2.47) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Marston’s in a research note to investors on Tuesday, January 21st. They now have a GBX 160 ($2.63) price target on the stock. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 152.12 ($2.50).
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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