Marston's PLC (LON:MARS) had its target price boosted by investment analysts at Canaccord Genuity from GBX 110 ($1.48) to GBX 130 ($1.75) in a research note issued to investors on Friday. The firm presently has a “hold” rating on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 20.37% from the stock’s current price.

Other research analysts have also issued reports about the company. Shore Capital reissued a “buy” rating on shares of Marston's PLC in a report on Thursday. Liberum Capital reissued a “buy” rating and set a GBX 140 ($1.89) target price on shares of Marston's PLC in a report on Wednesday, July 26th. Peel Hunt decreased their target price on Marston's PLC from GBX 160 ($2.16) to GBX 140 ($1.89) and set an “add” rating on the stock in a report on Thursday, July 13th. Deutsche Bank AG decreased their target price on Marston's PLC from GBX 145 ($1.95) to GBX 135 ($1.82) and set a “hold” rating on the stock in a report on Friday, June 23rd. Finally, HSBC Holdings plc reissued a “hold” rating and set a GBX 115 ($1.55) target price on shares of Marston's PLC in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 141.36 ($1.91).

Shares of Marston's PLC (MARS) traded up 0.09% on Friday, hitting GBX 108.10. The company had a trading volume of 673,223 shares. The firm has a 50-day moving average price of GBX 112.12 and a 200 day moving average price of GBX 126.99. The company’s market capitalization is GBX 622.01 million. Marston's PLC has a 12-month low of GBX 101.40 and a 12-month high of GBX 151.20.

TRADEMARK VIOLATION NOTICE: “Canaccord Genuity Raises Marston's PLC (MARS) Price Target to GBX 130” was originally published by American Banking News and is the property of of American Banking News. If you are reading this piece on another website, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this piece can be read at https://www.americanbankingnews.com/2017/09/22/canaccord-genuity-raises-marstons-plc-mars-price-target-to-gbx-130.html.

In related news, insider Ralph Graham Findlay bought 23,549 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was purchased at an average cost 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 company’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.

Analyst Recommendations for Marston's PLC (LON:MARS)

Receive News & Ratings for Marston's PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marston's PLC and related companies with MarketBeat.com's FREE daily email newsletter.