Canaccord Genuity Raises Marston's PLC (MARS) Price Target to GBX 130
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.
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.
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