Marston’s’ (MARS) Buy Rating Reiterated at Peel Hunt
Marston’s (LON:MARS)‘s stock had its “buy” rating restated by equities research analysts at Peel Hunt in a report issued on Thursday. They currently have a GBX 130 ($1.74) price target on the stock. Peel Hunt’s target price points to a potential upside of 13.04% from the company’s previous close.
MARS has been the subject of a number of other research reports. Numis Securities reiterated an “add” rating and set a GBX 125 ($1.67) price objective on shares of Marston’s in a report on Friday, September 15th. Liberum Capital restated a “buy” rating and issued a GBX 140 ($1.87) price target on shares of Marston’s in a report on Tuesday, November 21st. Barclays restated an “underweight” rating and issued a GBX 115 ($1.54) price target on shares of Marston’s in a report on Monday, September 11th. Shore Capital restated a “buy” rating on shares of Marston’s in a report on Thursday, September 21st. Finally, J P Morgan Chase & Co reduced their price target on shares of Marston’s from GBX 150 ($2.01) to GBX 145 ($1.94) and set an “overweight” rating for the company in a report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 128.50 ($1.72).
Shares of Marston’s (LON MARS) traded up GBX 10.20 ($0.14) on Thursday, reaching GBX 115 ($1.54). 10,965,419 shares of the company were exchanged, compared to its average volume of 2,030,000. Marston’s has a one year low of GBX 99.85 ($1.34) and a one year high of GBX 147.70 ($1.98).
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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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