Marston's PLC (MARS) PT Raised to GBX 182 at N+1 Singer
Marston's PLC (LON:MARS) had its target price raised by analysts at N+1 Singer from GBX 170 ($2.10) to GBX 182 ($2.25) in a research report issued on Wednesday. The brokerage presently has a “buy” rating on the stock. N+1 Singer’s price target would suggest a potential upside of 30.75% from the stock’s current price.
Other analysts have also issued reports about the stock. Numis Securities Ltd cut their target price 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 target on shares of Marston's PLC in a report on Thursday, September 15th. Shore Capital restated a “buy” rating on shares of Marston's PLC in a report on Wednesday, July 27th. Canaccord Genuity restated a “hold” rating and set a GBX 175 ($2.17) price target on shares of Marston's PLC in a report on Wednesday, July 27th. Finally, HSBC cut their price target on shares of Marston's PLC from GBX 150 ($1.86) to GBX 140 ($1.73) and set a “hold” rating on the stock in a report on Monday, August 1st. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 162.08 ($2.01).
Marston's PLC (LON:MARS) traded down 2.38% during trading on Wednesday, hitting GBX 139.20. 2,134,577 shares of the company traded hands. The firm’s market cap is GBX 799.56 million. Marston's PLC has a one year low of GBX 126.80 and a one year high of GBX 177.00. The firm has a 50 day moving average of GBX 145.46 and a 200 day moving average of GBX 145.43.
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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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