Marston's PLC (MARS) Given “Add” Rating at Numis Securities Ltd
Marston's PLC (LON:MARS)‘s stock had its “add” rating reaffirmed by research analysts at Numis Securities Ltd in a research note issued on Friday. They currently have a GBX 125 ($1.61) target price on the stock. Numis Securities Ltd’s target price points to a potential upside of 21.71% from the company’s previous close.
Several other research firms also recently issued reports on MARS. Shore Capital restated a “buy” rating on shares of Marston's PLC in a report on Wednesday, July 26th. Peel Hunt restated an “add” rating and set a GBX 140 ($1.81) price objective on shares of Marston's PLC in a report on Wednesday, July 26th. Canaccord Genuity dropped their price objective on shares of Marston's PLC from GBX 145 ($1.87) to GBX 130 ($1.68) and set a “hold” rating on the stock in a report on Wednesday, July 26th. Barclays PLC restated an “underweight” rating and set a GBX 115 ($1.49) price objective on shares of Marston's PLC in a report on Thursday, July 27th. Finally, Beaufort Securities restated a “buy” rating on shares of Marston's PLC in a report on Friday, May 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 141.36 ($1.83).
Shares of Marston's PLC (LON:MARS) traded up 0.78% during trading on Friday, hitting GBX 103.50. 1,499,203 shares of the stock traded hands. The company’s market cap is GBX 595.54 million. Marston's PLC has a one year low of GBX 101.40 and a one year high of GBX 151.20. The firm has a 50 day moving average price of GBX 113.01 and a 200-day moving average price of GBX 127.62.
In other news, insider Ralph Graham Findlay purchased 23,549 shares of Marston's PLC stock in a transaction on Friday, September 8th. The shares were purchased at an average cost of GBX 106 ($1.37) per share, for a total transaction of £24,961.94 ($32,238.07). Also, insider Andrew Andrea sold 27,313 shares of the business’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of GBX 124 ($1.60), for a total transaction of £33,868.12 ($43,740.31).
About Marston's PLC
Marston’s PLC is engaged in running pubs and beer brewing. The Company owns a range of assets from pubs to brands. The Company’s segments include Destination and Premium, which consists of food and drink sales, accommodation and gaming machine income; Taverns, which includes Food and drink sales, rent from licensed properties, accommodation and gaming machine income; Leased, which includes drink sales, rent from licensed properties and gaming machine income; Brewing, which comprises drink sales and third-party brewing, packaging and distribution, and Group Services.
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