Marston’s (LON:MARS) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Marston’s (LON:MARS) had its price objective lifted by analysts at JPMorgan Chase & Co. from GBX 78 to GBX 85 in a note issued to investors on Tuesday, Marketbeat reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 36.66% from the company’s previous close.

Other analysts have also issued research reports about the company. Panmure Gordon reissued a “buy” rating and issued a GBX 80 target price on shares of Marston’s in a research report on Tuesday, November 25th. Shore Capital reiterated a “buy” rating on shares of Marston’s in a report on Wednesday, October 8th. Finally, Peel Hunt restated a “buy” rating and set a GBX 75 target price on shares of Marston’s in a report on Tuesday, November 25th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Marston’s presently has an average rating of “Buy” and a consensus price target of GBX 80.

Marston’s Price Performance

Shares of MARS opened at GBX 62.20 on Tuesday. The firm has a 50-day simple moving average of GBX 46.24 and a two-hundred day simple moving average of GBX 42.64. The stock has a market cap of £394.76 million, a PE ratio of 12.44, a P/E/G ratio of -0.16 and a beta of 1.68. Marston’s has a 1-year low of GBX 31.10 and a 1-year high of GBX 62.80. The company has a debt-to-equity ratio of 198.96, a current ratio of 0.36 and a quick ratio of 0.23.

Marston’s Company Profile

Marston’s PLC operates managed, franchised, tenanted, partnership, and leased pubs in the United Kingdom. It is also involved in the property management; telecommunications; and insurance businesses. The company was formerly known as The Wolverhampton & Dudley Breweries PLC and changed its name to Marston’s PLC in January 2007.