Marston’s PLC (MARS) Given Buy Rating at Liberum Capital
Marston’s PLC (LON:MARS)‘s stock had its “buy” rating reiterated by stock analysts at Liberum Capital in a research note issued to investors on Tuesday. They presently have a GBX 140 ($1.84) price objective on the stock. Liberum Capital’s target price indicates a potential upside of 33.46% from the company’s current price.
Several other research analysts have also recently weighed in on MARS. Numis Securities Ltd restated an “add” rating and issued a GBX 125 ($1.64) price objective on shares of Marston’s PLC in a research report on Friday, September 15th. reaffirmed a “hold” rating and issued a GBX 115 ($1.51) target price on shares of Marston’s PLC in a research note on Friday, September 1st. Shore Capital reaffirmed a “buy” rating on shares of Marston’s PLC in a research note on Tuesday, October 10th. Canaccord Genuity upped their target price on Marston’s PLC from GBX 110 ($1.45) to GBX 130 ($1.71) and gave the stock a “hold” rating in a research note on Friday, September 22nd. Finally, J P Morgan Chase & Co cut their target price on Marston’s PLC from GBX 150 ($1.97) to GBX 145 ($1.91) and set an “overweight” rating for the company in a research note on Wednesday, September 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 135.45 ($1.78).
Shares of Marston’s PLC (LON MARS) opened at GBX 105.30 ($1.38) on Tuesday. Marston’s PLC has a twelve month low of GBX 101.40 ($1.33) and a twelve month high of GBX 147.70 ($1.94).
In other news, insider Ralph Graham Findlay acquired 8,293 shares of the firm’s stock in a transaction on Thursday, September 28th. The stock was acquired at an average price of GBX 107 ($1.41) per share, for a total transaction of £8,873.51 ($11,671.06).
Marston’s PLC Company Profile
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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