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.
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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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