Marston's PLC (MARS) Earns “Buy” Rating from Panmure Gordon
Marston's PLC (LON:MARS)‘s stock had its “buy” rating reiterated by equities researchers at Panmure Gordon in a report released on Thursday. They currently have a GBX 175 ($2.19) target price on the stock. Panmure Gordon’s price objective would indicate a potential upside of 28.68% from the stock’s previous close.
Several other research firms also recently commented on MARS. JPMorgan Chase & Co. boosted their target price on shares of Marston's PLC from GBX 150 ($1.87) to GBX 160 ($2.00) and gave the stock an “overweight” rating in a research report on Thursday, July 28th. N+1 Singer upped their price objective on shares of Marston's PLC from GBX 170 ($2.12) to GBX 182 ($2.27) and gave the stock a “buy” rating in a report on Wednesday, October 12th. Numis Securities Ltd decreased their price objective on shares of Marston's PLC from GBX 185 ($2.31) to GBX 165 ($2.06) and set an “add” rating for the company in a report on Wednesday, October 12th. Canaccord Genuity reaffirmed a “hold” rating and set a GBX 150 ($1.87) price objective on shares of Marston's PLC in a report on Wednesday, October 12th. Finally, HSBC decreased their price objective on shares of Marston's PLC from GBX 150 ($1.87) to GBX 140 ($1.75) 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, six have given a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 162.08 ($2.02).
Marston's PLC (LON:MARS) opened at 132.61 on Thursday. The firm’s market capitalization is GBX 761.71 million. The stock has a 50 day moving average of GBX 136.96 and a 200 day moving average of GBX 142.39. Marston's PLC has a 12-month low of GBX 126.80 and a 12-month high of GBX 177.00.
Marston's PLC Company Profile
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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