Marston’s (LON:MARS) had its target price boosted by stock analysts at Peel Hunt from GBX 130 ($1.75) to GBX 140 ($1.88) in a research report issued to clients and investors on Wednesday, StockTargetPrices.com reports. The firm currently has a “buy” rating on the stock. Peel Hunt’s target price would indicate a potential upside of 18.85% from the company’s previous close.
Several other equities research analysts also recently weighed in on the stock. Numis Securities reissued an “add” rating and set a GBX 125 ($1.68) price target on shares of Marston’s in a research report on Tuesday, October 10th. N+1 Singer reissued a “buy” rating and set a GBX 120 ($1.62) price target on shares of Marston’s in a research report on Thursday, November 30th. Canaccord Genuity raised their price target on shares of Marston’s from GBX 110 ($1.48) to GBX 130 ($1.75) and gave the company a “hold” rating in a research report on Friday, September 22nd. Shore Capital reissued a “buy” rating on shares of Marston’s in a research report on Thursday, September 21st. Finally, Barclays reissued an “underweight” rating and set a GBX 115 ($1.55) price target on shares of Marston’s in a research report on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of GBX 128 ($1.72).
Shares of Marston’s (MARS) traded up GBX 0.90 ($0.01) during midday trading on Wednesday, hitting GBX 117.80 ($1.59). 3,107,832 shares of the company’s stock were exchanged, compared to its average volume of 2,600,000. Marston’s has a fifty-two week low of GBX 99.85 ($1.34) and a fifty-two week 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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