Marston’s (MARS) Stock Rating Reaffirmed by Numis Securities
Marston’s (LON:MARS)‘s stock had its “add” rating restated by research analysts at Numis Securities in a research note issued to investors on Thursday. They presently have a GBX 125 ($1.67) target price on the stock. Numis Securities’ price objective would suggest a potential upside of 8.70% from the company’s current price.
Several other equities research analysts have also recently weighed in on MARS. Shore Capital restated a “buy” rating on shares of Marston’s in a research note on Monday, August 7th. restated a “hold” rating and set a GBX 115 ($1.54) target price on shares of Marston’s in a research note on Friday, September 1st. Barclays restated an “underweight” rating and set a GBX 115 ($1.54) target price on shares of Marston’s in a research note on Monday, September 11th. Canaccord Genuity boosted their target price on Marston’s from GBX 110 ($1.47) to GBX 130 ($1.74) and gave the stock a “hold” rating in a research note on Friday, September 22nd. Finally, J P Morgan Chase & Co reduced their price objective on Marston’s from GBX 150 ($2.01) to GBX 145 ($1.94) and set an “overweight” rating for the company in a research note on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of GBX 128.50 ($1.72).
Marston’s (MARS) traded up GBX 10.20 ($0.14) during mid-day trading on Thursday, reaching GBX 115 ($1.54). The company had a trading volume of 10,965,419 shares, compared to its average volume of 2,030,000. Marston’s has a 12-month low of GBX 99.85 ($1.34) and a 12-month 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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