Marston’s (MARS) Price Target Raised to GBX 140 at Peel Hunt
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).
WARNING: This story was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this story on another website, it was stolen and republished in violation of United States & international copyright and trademark law. The legal version of this story can be read at https://www.americanbankingnews.com/2017/12/10/marstons-mars-price-target-raised-to-gbx-140-at-peel-hunt.html.
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.
Receive News & Ratings for Marston's PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marston's PLC and related companies with MarketBeat.com's FREE daily email newsletter.