JPMorgan Chase & Co. Reaffirms “Overweight” Rating for Marston's PLC (MARS)
Marston's PLC (LON:MARS)‘s stock had its “overweight” rating reissued by equities researchers at JPMorgan Chase & Co. in a report released on Thursday. They presently have a GBX 160 ($1.98) target price on the stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 15.44% from the stock’s previous close.
Other research analysts have also recently issued research 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 on the stock in a report on Wednesday. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 175 ($2.17) price target on shares of Marston's PLC in a report on Wednesday, July 27th. Shore Capital reaffirmed a “buy” rating on shares of Marston's PLC in a report on Wednesday, July 27th. N+1 Singer upped their price target on shares of Marston's PLC from GBX 170 ($2.10) to GBX 182 ($2.25) and gave the stock a “buy” rating in a report on Wednesday. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of Marston's PLC in a report on Thursday. Three 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. The company presently has an average rating of “Hold” and a consensus target price of GBX 162.08 ($2.01).
Shares of Marston's PLC (LON:MARS) traded down 0.43% on Thursday, reaching GBX 138.60. The company’s stock had a trading volume of 1,967,219 shares. The stock has a 50 day moving average of GBX 145.26 and a 200-day moving average of GBX 145.38. Marston's PLC has a 12 month low of GBX 126.80 and a 12 month high of GBX 177.00. The firm’s market cap is GBX 796.12 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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