Marston's PLC (MARS) Price Target Lowered to GBX 165 at Numis Securities Ltd
Marston's PLC (LON:MARS) had its target price lowered by Numis Securities Ltd from GBX 185 ($2.29) to GBX 165 ($2.04) in a report released on Wednesday. The brokerage currently has an “add” rating on the stock. Numis Securities Ltd’s target price indicates a potential upside of 15.71% from the company’s previous close.
Several other equities analysts have also recently issued reports on the stock. Citigroup Inc. cut shares of Marston's PLC to a “sell” rating in a research note on Thursday, July 7th. JPMorgan Chase & Co. raised shares of Marston's PLC to an “overweight” rating and cut their price target for the stock from GBX 160 ($1.98) to GBX 150 ($1.86) in a report on Monday, July 4th. Panmure Gordon reissued a “buy” rating and issued a GBX 175 ($2.17) price target on shares of Marston's PLC in a report on Thursday, September 15th. Canaccord Genuity reissued a “hold” rating and issued a GBX 175 ($2.17) price target on shares of Marston's PLC in a report on Wednesday, June 29th. Finally, HSBC cut their price target on shares of Marston's PLC from GBX 150 ($1.86) to GBX 140 ($1.73) and set a “hold” rating for the company in a report on Monday, August 1st. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 164 ($2.03).
Shares of Marston's PLC (LON:MARS) opened at 140.50 on Wednesday. Marston's PLC has a 12-month low of GBX 126.80 and a 12-month high of GBX 177.00. The stock has a 50 day moving average of GBX 145.63 and a 200 day moving average of GBX 145.47. The company’s market cap is GBX 807.03 million.
About Marston's PLC
Marston’s PLC, engaged in the United Kingdom, is engaged in the operations of managed, tenanted, leased and franchised public houses, brewing beer and selling beer, wines, spirits and soft drinks. It operates around 2,000 pubs and bars across the United Kingdom. It operates five breweries: Banks’s Brewery in Wolverhampton; Marston’s Brewery in Burton upon Trent; Jennings Brewery in the Lake District; Ringwood Brewery in Hampshire, and Wychwood Brewery in Oxfordshire.
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