Marston's PLC (MARS) Given Average Recommendation of “Buy” by Brokerages
Marston's PLC (LON:MARS) has received a consensus rating of “Buy” from the fourteen analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 135.45 ($1.79).
A number of brokerages have issued reports on MARS. Shore Capital reaffirmed a “buy” rating on shares of Marston's PLC in a report on Wednesday, July 26th. Peel Hunt reaffirmed an “add” rating and set a GBX 140 ($1.85) price target on shares of Marston's PLC in a report on Wednesday, July 26th. Numis Securities Ltd reissued an “add” rating and set a GBX 145 ($1.91) target price on shares of Marston's PLC in a report on Wednesday, July 26th. Liberum Capital reissued a “buy” rating and set a GBX 140 ($1.85) target price on shares of Marston's PLC in a report on Wednesday, July 26th. Finally, Canaccord Genuity dropped their target price on Marston's PLC from GBX 145 ($1.91) to GBX 130 ($1.72) and set a “hold” rating on the stock in a report on Wednesday, July 26th.
In other news, insider Ralph Graham Findlay acquired 8,293 shares of the stock in a transaction on Thursday, September 28th. The shares were purchased at an average cost of GBX 107 ($1.41) per share, for a total transaction of £8,873.51 ($11,709.57).
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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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