Marston's PLC (MARS) Given “Hold” Rating at Canaccord Genuity
Several other equities analysts have also recently weighed in on the stock. N+1 Singer lifted their price objective on shares of Marston's PLC from GBX 170 ($2.10) to GBX 182 ($2.25) and gave the stock a buy rating in a research report on Wednesday. Numis Securities Ltd decreased their target price on shares of Marston's PLC from GBX 185 ($2.29) to GBX 165 ($2.04) and set an add rating for the company in a research note on Wednesday. Panmure Gordon reissued a buy rating and set a GBX 175 ($2.17) target price on shares of Marston's PLC in a research note on Thursday, September 15th. HSBC decreased their target price 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 research note on Monday, August 1st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Marston's PLC from GBX 150 ($1.86) to GBX 160 ($1.98) and gave the company an overweight rating in a research note on Thursday, July 28th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. Marston's PLC presently has a consensus rating of Hold and a consensus price target of GBX 162.08 ($2.01).
Shares of Marston's PLC (LON:MARS) opened at 139.80 on Wednesday. The firm’s market capitalization is GBX 803.01 million. The company has a 50-day moving average price of GBX 145.46 and a 200 day moving average price of GBX 145.43. Marston's PLC has a one year low of GBX 126.80 and a one year high of GBX 177.00.
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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