Deutsche Bank Increases Marston's PLC Price Target to GBX 170 (MARS)
Deutsche Bank increased their target price on shares of Marston's PLC (LON:MARS) from GBX 135 ($2.27) to GBX 170 ($2.86) in a research note issued on Monday, American Banking News reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price target indicates a potential upside of 15.02% from the company’s current price.
A number of other firms have also recently commented on MARS. Analysts at Nplus1 Brewin reiterated a “buy” rating on shares of Marston's PLC in a research note on Wednesday, April 16th. Separately, analysts at N+1 Singer reiterated a “buy” rating on shares of Marston's PLC in a research note on Wednesday, April 16th. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Marston's PLC from GBX 180 ($3.02) to GBX 155 ($2.60) in a research note on Thursday, April 3rd. They now have a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 155.73 ($2.62).
Marston's PLC (LON:MARS) opened at 149.925 on Monday. Marston's PLC has a 52 week low of GBX 135.60 and a 52 week high of GBX 166.00. The stock has a 50-day moving average of GBX 147.5 and a 200-day moving average of GBX 148.4. The company’s market cap is £855.5 million.
Marston’s PLC is operating managed, tenanted, leased and franchised public houses, brewing beer and wholesaling beer, wines, spirits and soft drinks.
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