Marston's PLC (MARS) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Marston's PLC (LON:MARS) have received an average recommendation of “Hold” from the twelve brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 123 ($1.67).
MARS has been the subject of several analyst reports. Deutsche Bank lowered their target price on Marston's from GBX 135 ($1.83) to GBX 110 ($1.49) and set a “hold” rating for the company in a research note on Wednesday, October 18th. Barclays reissued an “underweight” rating and set a GBX 115 ($1.56) target price on shares of Marston's in a research note on Tuesday, November 7th. Shore Capital reissued a “buy” rating on shares of Marston's in a research note on Thursday, September 21st. Peel Hunt decreased their price target on Marston's from GBX 140 ($1.90) to GBX 125 ($1.70) and set an “add” rating for the company in a report on Tuesday, October 10th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 130 ($1.76) price target on shares of Marston's in a report on Wednesday, November 29th.
Marston's (MARS) opened at GBX 116 ($1.57) on Tuesday. Marston's has a 12-month low of GBX 99.85 ($1.35) and a 12-month high of GBX 147.70 ($2.00). The firm has a market cap of $732.95 and a price-to-earnings ratio of 828.57.
In other news, insider Ralph Graham Findlay bought 165,438 shares of Marston's stock in a transaction dated Tuesday, December 5th. The stock was acquired at an average cost of GBX 120 ($1.63) per share, with a total value of £198,525.60 ($269,223.76).
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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