Marston's PLC (MARS) Price Target Lowered to GBX 165 at Numis Securities Ltd
Marston's PLC (LON:MARS) had its target price lowered by research analysts at Numis Securities Ltd from GBX 185 ($2.29) to GBX 165 ($2.04) in a report issued on Wednesday. The firm currently has an “add” rating on the stock. Numis Securities Ltd’s price target points to a potential upside of 15.71% from the stock’s previous close.
A number of other research analysts also recently weighed in on the stock. Citigroup Inc. downgraded shares of Marston's PLC to a “sell” rating in a research report on Thursday, July 7th. JPMorgan Chase & Co. raised shares of Marston's PLC to an “overweight” rating and reduced their target price for the company from GBX 160 ($1.98) to GBX 150 ($1.86) in a report on Monday, July 4th. Panmure Gordon reaffirmed a “buy” rating and set a GBX 175 ($2.17) target price on shares of Marston's PLC in a report on Thursday, September 15th. Canaccord Genuity reaffirmed a “hold” rating and set a GBX 175 ($2.17) target price on shares of Marston's PLC in a report on Wednesday, June 29th. Finally, HSBC reduced their target price 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 report on Monday, August 1st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. Marston's PLC presently has an average rating of “Hold” and an average price target of GBX 164 ($2.03).
Shares of Marston's PLC (LON:MARS) opened at 140.50 on Wednesday. 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 12-month low of GBX 126.80 and a 12-month high of GBX 177.00. The company’s market capitalization is GBX 807.03 million.
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About Marston's PLC
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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