Marston's (MARS) Receives “Buy” Rating from Peel Hunt

Marston's (LON:MARS)‘s stock had its “buy” rating reaffirmed by analysts at Peel Hunt in a note issued to investors on Friday. They currently have a GBX 140 ($1.90) price objective on the stock. Peel Hunt’s price objective points to a potential upside of 22.59% from the company’s current price.

A number of other equities analysts have also recently issued reports on MARS. Shore Capital restated a “buy” rating on shares of Marston's in a research note on Thursday, September 21st. Canaccord Genuity increased their price objective on shares of Marston's from GBX 110 ($1.49) to GBX 130 ($1.76) and gave the company a “hold” rating in a research note on Friday, September 22nd. JPMorgan Chase & Co. dropped their price objective on shares of Marston's from GBX 150 ($2.03) to GBX 145 ($1.97) and set an “overweight” rating for the company in a research note on Wednesday, September 27th. Numis Securities restated an “add” rating and issued a GBX 125 ($1.70) price objective on shares of Marston's in a research note on Tuesday, October 10th. Finally, Liberum Capital restated a “buy” rating and issued a GBX 140 ($1.90) price objective on shares of Marston's in a research note on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 123 ($1.67).

Shares of Marston's (MARS) traded down GBX 1.70 ($0.02) during mid-day trading on Friday, hitting GBX 114.20 ($1.55). 2,733,759 shares of the stock were exchanged, compared to its average volume of 2,430,000. Marston's has a 52 week low of GBX 99.85 ($1.35) and a 52 week high of GBX 147.70 ($2.00). The firm has a market cap of $723.95 and a PE ratio of 815.71.

In related news, insider Ralph Graham Findlay acquired 165,438 shares of the firm’s stock in a transaction on Tuesday, December 5th. The shares were purchased at an average price of GBX 120 ($1.63) per share, with a total value of £198,525.60 ($269,223.76).

ILLEGAL ACTIVITY WARNING: “Marston's (MARS) Receives “Buy” Rating from Peel Hunt” was published by American Banking News and is the property of of American Banking News. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2018/01/21/marstons-mars-receives-buy-rating-from-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.

Analyst Recommendations for Marston's (LON:MARS)

Receive News & Ratings for Marston's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marston's and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply