Marston’s (MARS) Price Target Raised to GBX 115
Marston’s (LON:MARS) had its price objective hoisted by analysts at Canaccord Genuity from GBX 110 ($1.48) to GBX 115 ($1.55) in a note issued to investors on Wednesday. The firm presently has a “hold” rating on the stock. Canaccord Genuity’s target price indicates a potential downside of 1.71% from the stock’s current price.
Several other research analysts have also recently issued reports on MARS. Peel Hunt lifted their target price on Marston’s from GBX 130 ($1.75) to GBX 140 ($1.88) and gave the company a “buy” rating in a research report on Wednesday. Liberum Capital reaffirmed a “buy” rating and set a GBX 140 ($1.88) target price on shares of Marston’s in a research report on Thursday, November 30th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 130 ($1.75) target price on shares of Marston’s in a research report on Wednesday, November 29th. Shore Capital reaffirmed a “buy” rating on shares of Marston’s in a research report on Thursday, November 30th. Finally, N+1 Singer reaffirmed a “buy” rating and set a GBX 120 ($1.62) target price on shares of Marston’s in a research report on Thursday, November 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Marston’s currently has a consensus rating of “Buy” and an average price target of GBX 128 ($1.72).
Shares of Marston’s (LON MARS) traded down GBX 1.20 ($0.02) during trading hours on Wednesday, hitting GBX 117 ($1.57). The company had a trading volume of 2,845,628 shares, compared to its average volume of 2,550,000. Marston’s has a one year low of GBX 99.85 ($1.34) and a one year high of GBX 147.70 ($1.99).
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Marston’s 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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