Marston's PLC (MARS) Given New GBX 182 Price Target at N+1 Singer
Marston's PLC (LON:MARS) had its target price lifted by N+1 Singer from GBX 170 ($2.10) to GBX 182 ($2.25) in a report issued on Wednesday, StockTargetPrices.com reports. The firm currently has a “buy” rating on the stock. N+1 Singer’s target price points to a potential upside of 27.63% from the company’s previous close.
Other research analysts have also issued reports about the stock. Numis Securities Ltd decreased their price target on shares of Marston's PLC from GBX 185 ($2.29) to GBX 165 ($2.04) and set an “add” rating for the company in a research note on Wednesday. Panmure Gordon restated a “buy” rating and set a GBX 175 ($2.17) price objective on shares of Marston's PLC in a research note on Thursday, September 15th. Shore Capital restated a “buy” rating on shares of Marston's PLC in a research note on Wednesday, July 27th. Canaccord Genuity restated a “hold” rating and set a GBX 175 ($2.17) price objective on shares of Marston's PLC in a research note on Wednesday, July 27th. Finally, HSBC reduced their price objective on shares of Marston's PLC from GBX 150 ($1.86) to GBX 140 ($1.73) and set a “hold” rating for the company in a research note on Monday, August 1st. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 162.08 ($2.01).
Shares of Marston's PLC (LON:MARS) traded down 1.80% during trading on Wednesday, reaching GBX 140.04. 1,609,776 shares of the company were exchanged. The stock’s 50-day moving average is GBX 145.63 and its 200-day moving average is GBX 145.47. Marston's PLC has a 52-week low of GBX 126.80 and a 52-week high of GBX 177.00. The firm’s market cap is GBX 804.39 million.
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Marston's PLC Company Profile
Marston’s PLC, engaged in the United Kingdom, is engaged in the operations of managed, tenanted, leased and franchised public houses, brewing beer and selling beer, wines, spirits and soft drinks. It operates around 2,000 pubs and bars across the United Kingdom. It operates five breweries: Banks’s Brewery in Wolverhampton; Marston’s Brewery in Burton upon Trent; Jennings Brewery in the Lake District; Ringwood Brewery in Hampshire, and Wychwood Brewery in Oxfordshire.
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