Marston's PLC (MARS) Earns Buy Rating from Shore Capital
Marston's PLC (LON:MARS)‘s stock had its “buy” rating reaffirmed by investment analysts at Shore Capital in a research note issued to investors on Thursday.
A number of other brokerages have also recently commented on MARS. Deutsche Bank AG dropped their price objective on shares of Marston's PLC from GBX 145 ($1.95) to GBX 135 ($1.82) and set a “hold” rating on the stock in a research note on Friday, June 23rd. Peel Hunt reaffirmed an “add” rating and set a GBX 140 ($1.89) price objective on shares of Marston's PLC in a research note on Wednesday, July 26th. Numis Securities Ltd reaffirmed an “add” rating and set a GBX 145 ($1.95) price objective on shares of Marston's PLC in a research note on Wednesday, July 26th. Liberum Capital reaffirmed a “buy” rating and set a GBX 140 ($1.89) price objective on shares of Marston's PLC in a research note on Wednesday, July 26th. Finally, Canaccord Genuity decreased their target price on Marston's PLC from GBX 145 ($1.95) to GBX 130 ($1.75) and set a “hold” rating on the stock in a research report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of GBX 141.36 ($1.91).
Shares of Marston's PLC (LON MARS) traded down 0.28% during trading on Thursday, reaching GBX 108.00. 747,213 shares of the company’s stock traded hands. The company has a 50 day moving average price of GBX 112.12 and a 200-day moving average price of GBX 126.99. The stock’s market cap is GBX 621.43 million. Marston's PLC has a one year low of GBX 101.40 and a one year high of GBX 151.20.
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In other news, insider Ralph Graham Findlay acquired 23,549 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were bought at an average price of GBX 106 ($1.43) per share, for a total transaction of £24,961.94 ($33,655.04). Also, insider Andrew Andrea sold 27,313 shares of the firm’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of GBX 124 ($1.67), for a total value of £33,868.12 ($45,662.83).
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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